The Central Bank of Nigeria (CBN) yesterday supplied the Inter-Bank Foreign Exchange (Forex) market $210 million to boost its liquidity.

The bank offered the sum of $100 million to authorized dealers in the wholesale segment of the market while customers in the Small and Medium Enterprises (SMEs) segment got $55 million and invisibles sub-segment comprising tuition fees, medical payments and Basic Travel Allowance (BTA) received $55 million.

The apex bank’s Acting Director, Corporate Communications Department, Mr Isaac Okorafor, stated that the bank’s continued intervention in the market was to ensure the availability of foreign exchange to genuine users.

He urged the commercial banks to comply with the apex bank’s directive to sell forex over the counter to customers with legitimate needs so as to sustain customers’ confidence in the foreign exchange market.

It would be recalled that the regulatory banking institution recently ordered banks not to deny genuine travellers Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) as there are enough dollar supplies to meet the demand.

To monitor the banks’ level of compliance, the CBN Governor, Mr. Godwin Emefiele led Bank Examiners to conduct on-the-spot assessment of forex sales in some banks on Monday in Lagos.

During yesterday’s trading at the BDC segment of the market, the Naira exchanged at an average of N363/$1.