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Nigeria central bank injects $195 mln into currency market
October 23, 2017 / 5:28 PM / in 2 months

Nigeria central bank injects $195 mln into currency market

ABUJA, Oct 23 (Reuters) - Nigeria’s central bank said on Monday it had injected $195 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages.

The bank said in a statement it had released $100 million earmarked for the wholesale market, $50 million for small businesses and individuals, and $45 million for certain dollar expenses such as school fees and medical bills. (Reporting by Camillus Eboh; Writing by Paul Carsten; Editing by Alison Williams)

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