The pot of Nigeria’s dollars shall never run dry. That is what the Central Bank of Nigeria has decreed.

On Friday it injected $355.43 million into the interbank foreign exchange market, as part of efforts to make sure there is enough dollars in the market and no stories of shortage.

The bank said in a statement the money was released to “meet requests in the agricultural, airlines, petroleum products and raw materials and machinery sectors”.

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This intervention is despite warning from several quarters including the International Monetary Fund, IMF that the apex bank must end its intervention in the foreign exchange market.

In a report published earlier this week, IMF reiterated its call for Nigeria to scrap its multiple exchange rates and move to a unified rate as quickly as possible.

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