CBN offers $100m for wholesale

Posted by News Express | 7 April 2017 | 1,824 times

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•CBN Headquarters.

The Central Bank of Nigeria (CBN) on Thursday offered the sum of $100 million to authorised dealers at the forex auction in the interbank wholesale window.

The apex bank’s spokesman, Isaac Okorafor, confirmed the offer in Abuja on Thursday, disclosing that no interventions were made in the retail auction window for forex. He, however, added that CBN made special intervention of $10,000 to dealers in the Bureau de Change (BDC) segment on Thursday.

According to him, the bank’s interventions in the different segments had ensured stability in the market and guaranteed availability to individuals and business concerns.

•CBN Headquarters.

CBN offers $100m for wholesale

The Central Bank of Nigeria (CBN) on Thursday offered the sum of $100 million to authorised dealers at the forex auction in the interbank wholesale window.

The apex bank’s spokesman, Isaac Okorafor, confirmed the offer in Abuja on Thursday, disclosing that no interventions were made in the retail auction window for forex. He, however, added that CBN made special intervention of $10,000 to dealers in the Bureau de Change (BDC) segment on Thursday.

According to him, the bank’s interventions in the different segments had ensured stability in the market and guaranteed availability to individuals and business concerns.


Source: News Express

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