Nigeria: Central Bank Injects $370.9 Million Into Interbank Forex Market

21 February 2017

As a follow up to its commitment to ease the difficulties Nigerians encounter in funding foreign exchange transactions, the Central Bank of Nigeria, CBN, on Tuesday intervened in the interbank FOREX market by injecting a total of $370.9 million to the wholesale market through 23 deposit money banks.

The CBN said the intervention was to help the banks meet the requests of customers.

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