The Central Bank of Nigeria (CBN) plans to sell $30,000 to each of the 2,544 bureau de change operators on Friday, it was learnt yesterday.
The $76.32 million is an addition to the weekly sales to the operators.
The move, the apex bank said, is aimed at increasing dollar liquidity in the system and freeing the naira from pressure.
A dollar was selling at N209 in the parallel market operated by bureau de change agents on Tuesday. The interbank market rate hit N190.08 on thin trades.
The bank is trying to narrow the gap at which the naira, hard hit by the drop in oil prices, trades on the interbank market through its regular interventions and is also trying to curb speculation.
Interested BDC operators are to fund their accounts latest today to accommodate the special intervention.
Meanwhile, the apex bank has also instituted a N300 billion Real Sector Support Facility (RSSF) to enable it unlock the potential of the real sector to engender output growth, value added productivity and job creation.
A report by the CB N released yesterday, said the facility will be used to support large enterprises for start-ups and expansion financing needs of N500 million up to a maximum of N10 billion. The real sector activities targeted by the facility are
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