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.
- Nigeria central bank gives N864bn to 4.1m farmers in 5 years, says…
- NGX tasks government on capital market exploitation to tackle…
- Global crypto market nears $3trn as Dogecoin, Solana rides on a moon trip
- Afreximbank plays key role in Fidelity Bank’s successful $400m Eurobond issuance
- Nigeria’s BoI gets Agusto rating upgrade to ‘Aaa’ with stable outlook