CBN injects $210m into currency market

CBN auctions Chinese currency in first yuan sale

CBN Headquarters, Abuja.

The Central Bank of Nigeria (CBN) has injected $210 million into the interbank foreign exchange market.

In a statement on Tuesday, CBN said that it released $100 million earmarked for the wholesale market, $55 million for small businesses and individuals, and $55 million for certain dollar expenses such as school fees and medical bills.

The apex bank said the move is at extending efforts to boost liquidity and alleviate dollar shortages.

Agency Report