CBN Injects $240m Into Forex Market And Will Credit BDCs Weekly

The Central Bank of Nigeria (CBN) on Monday flooded the foreign exchange market with $240 million to meet effective demand. The bank released the sum of $90 million to meet requests for invisibles such as travel allowances, medical and school fees.CBN also on the same day, offered a total of $150 million to authorised dealers in the interbank wholesale auction window.According to Isaac via IFTTT