The
Central Bank of Nigeria on Wednesday, released additional $250m on
seven to 30 day forwards for agriculture, airline, petroleum products
and raw materials.The apex bank also called for bids for wholesale spot for $100m for
Basic/Personal Travelling Allowance, medicals and tuition fees.Confirming this in Abuja, the Acting Director, Corporate
Communications Department, CBN, Mr. Isaac Okorafor, said in a statement
issued on Wednesday night that the apex bank has also commenced heavy
injections into the spot market.This, he added, is in addition to the settlement of requests for
wholesale spot bids for invisibles like school fees, medicals and
personal travel allowance.The CBN had earlier this week, disbursed $20,000 each to the Bureau De Change operators in two tranches of $10,000 each.This, according to Mr. Okorafor, underscores the commitment of the CBN to ensure liquidity in the foreign exchange market.
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