Nigeria’s central bank injects $195m into forex market
November 25, 20173K views0 comments
Nigeria’s central bank said it had injected $287.89 million into currency market on Friday to meet requests in four industries for dollars, extending efforts to boost liquidity and alleviate shortages.
The four industries targeted are agriculture, airlines, petroleum and raw materials, the Central Bank of Nigeria said in a statement.
The central bank said it would continue to intervene in order to drive growth in the economy and guarantee stability in the currency market.
Read Also:
- Adeduntan leaves after 9-years leading Nigeria’s oldest bank
- Nigeria banks on low-interest $2.25bn World Bank loan to boost economic recovery
- Alebiosu, banking veteran, replaces Adeduntan as First Bank MD/CEO
- World Bank, AfDB strike partnership to boost electricity access for 300…
- Nigeria’s inflation to ease in Q2 ’24, say analysts at Cowry Asset