The Central Bank of Nigeria has boosted the inter- bank foreign exchange market with the sum of $210 m, to meet customers’ requests in various segments of the market .
This came after the naira weakened marginally to 365/ dollar at the parallel market on Monday, from 364/ dollar on Friday.
The local currency had traded at 364 / dollar in the past one week .

The CBN offered $ 100m to authorised dealers in the wholesale segment of the market , while the Small and Medium Enterprises segment got the sum of $ 55m , according to figures obtained from the bank on Monday .
The figures also indicated that customers needing foreign exchange for invisibles such as tuition fees , medical payments and Basic Travel Allowance, among others, were also allocated the sum of $55m .
The bank ’s Acting Director , Corporate Communications, Mr. Isaac Okorafor , reiterated the bank ’s determination to continue to intervene in the interbank foreign exchange market , in line with its pledge to sustain liquidity in the market and maintain stability .
According to him , the CBN will continue to manage the forex with a view to reducing the country ’s import bills and minimize depletion of foreign reserves.
The CBN intervened in the Retail Secondary Market Intervention Sales to the tune of $210m , to cater for requests in the airlines, agricultural, petroleum products and raw materials and machinery sectors

http://punchng.com/naira-depreciates-to-365dollar-cbn-sells-210m/

But US embassy charge #400 for visa and nobody in our government sees this fraud

And why will someone have only one source of income in this type of economy?

Omooba77:
But US embassy charge #400 for visa and nobody in our government sees this fraud

Most of them charge blackmarket rates including cards for online transactions.

iykepromotions:
Most of them charge blackmarket rates including cards for online transactions.

God will help us oooo