Nigeria: CBN Releases Fresh $100 Million to Forex Market

20 April 2017

Apart from the $280 million it injected into the Foreign Exchange Market on Tuesday, April 18, 2017, the Central Bank of Nigeria (CBN) on yesterday, carried out spot, wholesale interventions in the interbank FOREX market by offering a total sum of $100m to authorized dealers to meet the 7 to 15-day forwards requests of customers.

The latest intervention was confirmed by the Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, who, however disclosed that the banks and authorized dealers were only able to pick up $68.51 million.

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