naira-and-dollar

Nigeria’s apex bank, Central Bank of Nigeria (CBN), has, again, injected more than 337 million dollars into the Inter-Bank Foreign Exchange (Forex) market.

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Spokesman for the bank Isaac Okorafor said that the move was in furtherance of CBN’s commitment to ensuring adequate liquidity and stability in the inter-bank foreign exchange market.

The CBN had on Tuesday injected 210 million dollars in the Inter-Bank foreign exchange market.

Meanwhile, the Naira maintained its steady rate against major currencies around the globe, exchanging for N362 to a dollar in the Bureau De Change segment of the market on Friday.