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Just In: CBN Supplies $210m As Intervention In Forex Market

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The Central Bank of Nigeria (CBN) has intervened in the wholesale segment of the foreign exchange market, supplying around $ 210 million to distributors in that window.

The Bank Director, Corporate Communications Department, Isaac Okorafor, announced this in a statement in Abuja.

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Okorafor explained that authorized distributors in the wholesale sector of the market received 100 million dollars, while Small and Medium Enterprises (SMEs) and invisible segments received the sum of 55 million dollars each.

He said CBN’s efforts had helped ensure Naira’s stability and also increased the level of investors and public confidence in the economy.

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GISTOK recalls that CBN, in the last intervention of July 26, injected the sum of 284.2 million dollars and CNY36 million in the Intervention Sales segment in the Retail Secondary Market (SMIS).