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NAIRA SETS TO FURTHER APPRECIATE AS CBN PLANS TO INJECT MORE FOREX INTO LOCAL MARKET

The Naira is set to appreciate further in the new week as the Central Bank of Nigeria (CBN) plans to inject more Foreign Exchange into the market, to meet the requests of genuine customers.

The spokesman of CBN, Mr ISAAC OKORAFOR gave the assurance in a statement on Sunday in Lagos.

The apex bank had so far kept to its promise of continuing to supply enough forex to guarantee liquidity in the market.

The statement said the bank was committed to ensuring that authorised dealers get sufficient supply to meet the demands of authentic customers of banks.

It disclosed that the bank had since February offered over one billion dollars to the interbank market in the country.

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