Oct 4 (Lagos) - The Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank foreign exchange market with the sale of US$195m.
This came just as the naira appreciated to N364 per US dollar at the parallel market, up from the N365/US dollar recorded on Friday. Figures released by the CBN showed that the regulator offered a total sum of US$100m to the wholesale segment, while the Small and Medium Enterprises segment received the sum of US$50m.
The invisibles segment, comprising tuition fees, medical payments and Basic Travel Allowance, among others, received US$45m.
reporting for easykobo.com on Wednesday, October 4 2017 from Lagos, Nigeria
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