Forex Market : CBN to Inject More Dollars

In a move to continue to strengthen the Naira in the foreign exchange market, the Central Bank Of Nigeria, CBN is planning to inject more dollars into the market this week.


The Acting Director Corporate Communication of The CBN, Mr Isaac Okorafor  confirming the proposed additional foreign exchange injection, said the bank is determined to sustain the provision of liquidity in the foreign exchange market.

He also warned dealers in the forex market  not to engage in any activity that will hinder the smooth operations in the foreign exchange market and that the CBN will not hesitate to impose heavy sanctions on any individual or organisation involved in such act.