CBN raises forex injection to US$210m

CBN raises forex injection to US$210m: The Central Bank of Nigeria (CBN) on Tuesday intervened in the interbank foreign exchange (forex) market to the tune of US$210m, higher than the US$195m it offered the preceding week. Confirming the figures, the acting director, Corporate Communications at the CBN, Isaac Okorafor said the CBN offered US$100m to the wholesale segment, while the SMEs segment received US$55m. The invisibles segment, comprising tuition fees, medical payments and Basic Travel Allowance (BTA), among others, also received US$55m. (Source: Thisday)

FG restates pledge to ERGP implementation: The minister of industry, trade and investment, Okechukwu Enelamah, has reiterated the commitment of the federal government (FG) to full implementation of its Economic Recovery and Growth Plan (ERGP). The minister said the economic recovery plan focuses on achieving a 7% economic growth in 2020. He stressed that the challenge for the administration was the execution of the plan. (Source: Thisday)

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