A statement from the bank’s Acting Director, Corporate Communications Department, Mr Isaac Okorafor, confirming the figures, indicated that the sum, as in previous interventions, were in favour of interests in the agricultural, airlines, petroleum products, raw materials and machinery sectors.
Mr Okorafor reiterated that the objective of the CBN intervention in the foreign exchange market remained to ensure liquidity in the foreign exchange market and enhance production activities.
He explained that the CBN would continue to ensure liquidity in the interbank sector of the market, as well as sustain its interventions in order to drive economic growth and guarantee market stability.
Meanwhile, the naira remained stable and exchanged for N361/$1 in the BDC segment of the market on Friday, May 18, 2018.
The Naira on Friday depreciated against the dollar at the parallel market in Lagos.
The Nigerian currency lost one point to exchange at N363, weaker than N362 posted on Thursday, while the Pound Sterling and the Euro closed at N496 and N429, respectively.
At the Bureau De Change segment, the naira closed at N361.50 to the dollar, while it exchanged at N502 and N428 to the Pound Sterling and Euro, respectively.
Trading at the investors’ window showed that the naira closed at N360.85 and had a turnover of 202.47 in transaction.
At the official CBN window, the currency closed at N305.85 to the dollar, and at N412.6 and N360.4 to the Pound Sterling and the Euro.
Currency traders said that though the naira depreciated marginally, it had remained stable at the foreign exchange market.
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