The Central Bank of Nigeria (CBN) on Friday assured of its continued intervention in the inter-bank foreign exchange market in order to sustain liquidity and stability in the sector.
The Acting Director, Corporate Communications Department at the apex bank, Isaac Okorafor, stated this in Abuja.
He said the measures being taken by CBN had yielded positive results as far as forex supply was concerned.
While acknowledging a marginal fluctuation in the exchange rate, Okoroafor noted that the naira remained stable against other major currencies around the world.
He also observed that activities in the foreign exchange market remained dynamic.
According to him, the interventions of the apex bank were in line with its commitment to sustain liquidity in the market to meet genuine requests as well as deepen flexibility in the foreign exchange market.
Okorafor warned speculators against nefarious activities, adding that the CBN had put necessary checks in place to guard against sharp practices in the forex market.
