The Central Bank of Nigeria (CBN) has injected another $210 million into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments of the market.

Figures obtained from the Bank on Monday indicate that the CBN offered $100 million to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises segment received $55 million. Customers requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance, among others, were also allocated $55 million.

The Bank’s Acting Director, Corporate Communications Department, Mr. Isaac Okorafor confirmed the figures, adding that those who made bids in the wholesale window would receive value for the bids for Tuesday.

Okorafor reassured the public that the Bank would continue to intervene in the interbank foreign exchange market in line with its resolve to sustain liquidity in the market and maintain stability. According to him, the steps taken so far by the CBN in foreign exchange management had yielded many positives, particularly as they had to do with reduction in the country’s import bills and accretion to its foreign reserves.

Last Friday, the CBN intervened in the Retail Secondary Market Intervention Sales to the tune of $262.5 million to cater for requests in the agricultural, airlines, petroleum products and raw materials and machinery sectors.

Meanwhile, the Naira continued its stability in theforeign exchangemarket on Monday, exchanging at an average of N360/$1 in the Bureau de Change segment of the market.