Nigeria: CBN Auctions $1 Billion in One Week

The Central Bank of Nigeria (CBN) has in the last seven days, offered $1.01 billion at the inter-bank foreign exchange market to meet the requests of customers in the various segments of the market.

This is coming just as it offered $195 million yesterday, in efforts to sustain plans to achieve rates convergence, although a huge part of the amount were structured in 30-day and 60-day tenors.

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