The Central Bank of Nigeria on Monday injected 457.3 million dollars into various segments of the market.
The CBN spokesman, Mr. Isaac Okoroafor in a statement, said that both the spot and forward segments garnered 267.3 million dollars, while the wholesale segment got 100 million dollars.
Okoroafor said the small and medium enterprises and invisible segments comprising basic travel allowance, tuition fee and medicals got 50 million dollars and 40 million dollars respectively.
Meanwhile, volume of trading on the Investors and exporters’ foreign exchange window in the past three weeks on the FMDQ platform revealed that 600 million dollars had been sold by both the CBN and autonomous sources.
Okoroafor expressed satisfaction with the level of activities in the market, adding that the volume of activities being recorded in the investors and exporters forex segment was indicative of the fact that investors had been attracted to the Nigerian financial market and the economy in general. However, the Naira closed at N383 to a dollar at the parallel market.
However, the Nigerian economy has been ranked among least competitive economies in the world as the country ranked 127th of 138 globally.
In a global report obtained by The Point, Nigeria, for the second year in a row, is ranked the 13th least stable country in the world on the Fragile States Index released by the Washington DC-based think-tank, Fund for Peace.
The Index measures levels of stability in 178 countries and ranks them according to their vulnerability to threats from social, political, economic and demographic pressures.
The 2017 FSI, released on Monday, is the 13th from FFP. Nigeria has been measured on the Index since it was first published in 2005 when the country was ranked 54, its highest position yet.
This year ranking placed Nigeria above seven African countries of South Sudan, Somalia, Central African Republic, Sudan, Democratic Republic of Congo, Chad and Guinea, which are all considered less stable than Nigeria.
Zimbabwe is co-ranked 13th with Nigeria and Ethiopia follows both countries as the 14th least stable country in the world.
