FOREX: CBN boosts retail segment with $318.73m



Customers in the retail segment of the Nigerian inter-bank foreign exchange received a $318.73m from the Central Bank of (CBN) on Friday.
According to CBN, the deals in the retail window represent requests from the various sectors in the Secondary Sales (SMIS), thereby providing a to the respective sectors.
The Acting Director, Corporate Communications at the CBN, Isaac Okorafor confirmed the forex sales and explained the $318.73m sold was for companies in the raw materials, agricultural, airline and petroleum industries.
It will be recalled last Tuesday, June 26, 2018, the CBN had intervened to the tune of $210 million to cater for requests in the wholesale segment of the forex .
Okorafor added the CBN remained very committed to ensuring all the sectors continued to enjoy access to the foreign exchange for their business concerns.
Meanwhile, the naira on Friday, June 29, 2018, exchanged at an of N360/$1 in the Bureau de Change segment (BDCs) across major trading points in Lagos, Abuja, Port-Harcourt and Kano.