The Central Bank of Nigeria (CBN) has boosted the foreign exchange market with 210 million dollars to meet customers’ requests in various segments.
A statement issued by Mr Isaac Okorafor, Acting Director, Corporate Communications on Wednesday explained that the bank, in its desire to meet customers’ needs, offered 100 million dollars to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment got 55 million dollars.
Okorafor also said customers needing foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allocated 55 million dollars.
He recalled that the CBN on thursday, intervened with 343.06 million dollars to cater for requests in the retail segment of the foreign exchange market.
