Lagos — The Central Bank of Nigeria (CBN) yesterday continued its intervention at the foreign exchange market injecting another $195 million into the inter-bank market to buy liquidity, even as the naira remained stable at the parallel market.
In spite of the intervention the value of the naira at the official market was down to N306 from N305.95 which it closed last week while it closed at N360.20 at the Investors and Exporters window.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article