The Central Bank of Nigeria (CBN) on Monday injected the sum of $55m into the economy for Nigerians requiring foreign exchange (Forex) for Business/Personal Travel Allowances, tuition, and Medical Fees.
The amount is part of $210m pumped into various segments of the Foreign Exchange Market by the apex bank.
He reiterated that the bank would sustain its interventions in the foreign exchange market.
He also expressed optimism that “the value of the naira would continue to spike in the face of accretion to the foreign reserves and the attendant reduction in the country’s import bill.”
Okorafor urged “all dealers to continue to play by the rule, as the CBN would not hesitate to sanction any erring bank or dealer.”
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