 CBN pumps fresh $180m into forex market

The Central Bank of Nigeria on Monday increased the liquidity in the foreign exchange market by releasing additional $180m for settlement of various transactions.

He said while the sum of $100m was released into the wholesale forwards segment of the market, additional $80m was provided to banks specifically for the settlement of dollar demands for school fees, medicals and Personal Travel Allowance, among others.

Okoroafor stated, “In keeping with its determination to increase liquidity in the foreign exchange market, the Central Bank of Nigeria on Monday released another $100m into the wholesale forwards segment of the market and pumped an additional $80m into the banks specifically for the settlement of dollar demands for school fees, medicals and Personal Travel Allowance, among others.”

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Source: SPORTS NEWS:

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