The Naira closed at N383 to a dollar at the parallel marketas the Central Bank of Nigeria, CBN,on Monday injected 457.3 million dollars into various segments of the market.
CBN spokesperson, Isaac Okorafor, in a statement in Abuja,
said that both the spot and forwards segments garnered $267.3 million, while
the wholesale segment got $100 million.
Okorafor said the Small and Medium Enterprises, SMEs, and
invisibles segments comprising basic travel allowance, tuition fee and medical
got $50 million and $40 million respectively.
Volume of trading on the Investors and Exporters foreign
exchange window in the past three weeks on the FMDQ platform revealed that $600
million had been sold by both the CBN and autonomous sources.
Okorafor expressed satisfaction with the level of activities
in the market.
The official added that the volume of activities being
recorded in the Investors and Exporters forex segment was indicative of the
fact that investors were attracted to the Nigerian financial market and the
economy in general.
By Wale Odunsi
