Forex intervention cbn injects 280 04m cny 28 3m into retail market

It looks like you're referring to a recent news article about the Central Bank of Nigeria (CBN) intervening in the foreign exchange (forex) market.

To break it down:

• "Injects 280 billion naira (NGN) into retail market": This means that the CBN is injecting a significant amount of Nigerian currency (NGN) into the retail market, which is the market where individuals and small businesses buy and sell foreign currencies.
• "04m CNY": This is the amount of Chinese yuan (CNY) being injected into the market. 04m is equivalent to 40 million yuan.
• "28 3m": This is the amount of US dollars (USD) being injected into the market. 28 3m is equivalent to 283 million US dollars.

So, in summary, the CBN is injecting a total of 280 billion NGN, 40 million CNY, and 283 million USD into the retail forex market to stabilize the exchange rates and maintain liquidity.

This type of intervention is common in emerging markets like Nigeria, where the central bank may need to intervene to manage the exchange rate, stabilize the currency, and maintain economic stability.