The Naira on Tuesday exchanged in
the parallel market at N366, same rate it closed on Monday.
Pound Sterling and the Euro
closed at N477 and N428, respectively.
This is just as the Central Bank
of Nigeria (CBN) injected $195 million into the interbank market.
A statement by Acting Director,
Corporate Communications Department, CBN, Isaac Okoroafor, made the
announcement.
He said, “In the wholesale
segment of the inter-bank Foreign Exchange market, the CBN auctioned $100m and
also intervened in the Small and Medium Enterprises (SMEs) and invisible
segments, with the sum of $50 million and $45m respectively.”
Okorafor encouraged those who
genuinely required foreign exchange for their transactions to approach their
banks, noting that the banks had enough forex to meet the demands for foreign
exchange within the time frame stipulated by the CBN
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