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NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.
CBN Headquarters
Authorised foreign exchange dealers have fully subscribed to the $150 million offered by the Central Bank of Nigeria (CBN) at the forex auction in the interbank wholesale window on Tuesday.
Also yesterday, CBN fulfilled its commitment to sell $10,000 to Bureaux de Change (BDCs) in line with its new sale policy.
CBN Acting Director of Corporate Communications, Isaac Okorafor, confirmed the sale in Abuja, just as he announced interventions in the retail auction window for forex sales to the airlines, manufacturing, agricultural and petroleum sectors. He added that banks have started submitting requests made by their customers to the CBN.
News Expressrecalls that the CBN since February 21, 2017, has made over ten offers in the interbank wholesale market ranging from $100 million to $500 million per auction. Dealers have fully subscribed to the last three auctions that ranged from $100 million to $150 million.
