CBN injects $195m as naira depreciates to N367.88/$ on NAFEX

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The naira yesterday depreciated marginally to N367.88 per dollar in the Investors & Exporters (I&E) window even as the Central Bank of Nigeria (CBN) injected $195 million into the interbank market.

Acting Director, Corporate Communications, CBN, Mr. Isaac Okorafor confirmed the intervention in a statement issued yesterday. He said the apex bank offered $100 million in wholesale auction at the inter-bank foreign exchange market and intervened in the Small and Medium Enterprises (SMEs) and invisible segments, with $50 million and $45 million, respectively.

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