In the wholesale segment of the interbank forex market, it sold $100 million and also uplifted the small and medium enterprises (SMEs) and invisible segments, with the sum of $85 million and $65million respectively.
The acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, revealed that the Bank would pump even more liquidity into the market in the coming days, noting that the move by the CBN was necessary to enhance stability in the forex market.
He reiterated that in a bid to improve liquidity and ameliorate challenges encountered by critical stakeholders at this time of the year, the Bank had ensured that pressures on the market from those seeking forex for school fees and vacations were eased. He said further that the Bank has kept faith with its resolve to ensure that there is sustained liquidity to meet genuine requests for forex.