The Central Bank of Nigeria on Monday injected the sum of $457.3 million into various segments of the market.
A breakdown of the offer from the CBN shows that both spot and forwards got the sum of $267.3 million while the wholesale segment got $100 million.
Also, the SME and invisibles segments comprising of basic travel allowance, tuition fee and medical got and $50 million and $40 million respectively.
With the injection, the naira firmed at the parallel market checks by our correspondent show.
Price checks yesterday at the parallel market in Abuja showed that the dollar was sold for N385 and bought at N382 yesterday. On Monday it was sold for N384/1$ and bought at N382/$1.
The naira for about a week has been selling within the band of N381 to N383 to the dollar at the parallel market, checks by our correspondent show.
