ABUJA, Oct 18 (Reuters) - Nigeria's central bank on Friday
injected $325.5 million and 14 million yuan renminbi ($1.98
million) into the market an effort to keep it stable and prevent
shortages.
A central bank spokesman said the dollar intervention was
for agricultural machinery and industrial raw materials, while
the yuan renminbi was for renminbi-denominated letters of
credit.
On Tuesday, the bank offered $100 million to the wholesale
market and $55 each to small businesses and individuals with
certain dollar expenses such as school fees and medical bills.
A central bank spokesman said the bank would continue to
ensure adequate liquidity in the market.
On Friday, $1 exchanged for 358 naira at the bureau de
change segment, while 1 renminbi exchanged at 48 naira, the bank
said.
($1 = 7.0805 Chinese yuan renminbi)