The Central Bank of Nigeria (CBN) on Friday injected $318.03 million in the retail Secondary Market Intervention Sales (SMIS) of the inter-bank foreign market
The CBN also offered CNY62.18 million in the spot and short-tenored forwards segment.
The bank’s Director, Corporate Communications, Isaac Okorafor, while confirming the sales, reiterated that the retail SMIS were for requests in machineries, agricultural and raw materials sub-sectors, while the Chinese Yuan was for Renminbi denominated Letters of Credit.