Cbn injects another 210m into forex market #

It seems like you're referring to a recent news article or update about the Central Bank of Nigeria (CBN) injecting another N210 million into the foreign exchange (forex) market.

For those who may not be familiar, the CBN is responsible for managing the country's foreign exchange reserves and regulating the foreign exchange market. The bank's actions in the forex market can have a significant impact on the value of the naira, the country's official currency.

In this case, the CBN's injection of N210 million into the forex market is likely intended to stabilize the exchange rate and ensure that there is sufficient foreign currency available to meet the demands of importers and other users. This can help to prevent a shortage of foreign currency, which can lead to a depreciation of the naira and higher prices for imported goods.

It's worth noting that the CBN has been actively intervening in the forex market in recent times to stabilize the exchange rate and maintain economic stability. The bank has been using various tools, including foreign exchange auctions and forward sales, to manage the supply of foreign currency and maintain a stable exchange rate.

Overall, the CBN's injection of N210 million into the forex market is a positive development for the Nigerian economy, as it helps to ensure that there is sufficient foreign currency available to meet the demands of importers and other users.