Nigeria’s central bank said it had injected $210 million into the interbank foreign exchange marker, extending efforts to boost liquidity and alleviate dollar shortages.

The bank said in a statement it had released $100 million earmarked for the wholesale market, $55 million for small businesses and individuals, and $5 million for certain dollars expenses such as school fees and medical bills.

The central bank said it: ”will continue to manage the forex with a view to reducing the country’s import bills and halting accretion t its foreign reserves.”

Source: Reuters

 

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