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CBN injects $210m into currency market

Ola Simeon by Ola Simeon
December 13, 2017
in Breaking News, Business, News
0
$8.4m fraud: Provide proof of source of funds, Ajudua’s lawyer tells Bamaiyi

$8.4m fraud: Provide proof of source of funds, Ajudua’s lawyer tells Bamaiyi

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The Central Bank of Nigeria (CBN) said on Tuesday it had injected $210 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages.

The bank said, in a statement, it had released $100 million earmarked for the wholesale market, $55 million for small businesses and individuals, and $55 million dollars for certain dollar expenses such as school fees and medical bills.

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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.