Nigeria’s central bank injects $195m into forex market

Nigeria’s central bank said it had injected $287.89 million into currency market on Friday to meet requests in four industries for dollars, extending efforts to boost liquidity and alleviate shortages.

The four industries targeted are agriculture, airlines, petroleum and raw materials, the Central Bank of Nigeria said in a statement.

The central bank said it would continue to intervene in order to drive growth in the economy and guarantee stability in the currency market.