CBN injects $210 million into currency market

The Central Bank of Nigeria, CBN, on Tuesday said it has injected $210 million into the interbank foreign exchange market.

This is part of move by the bank seeking to boost liquidity and alleviate dollar shortages.

The bank said in a statement it had released $100 million 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.