Nigeria: CBN commences regular foreign exchange sales to bridge demand gap — Africa Links 24

The Central Bank of Nigeria, CBN, says it has commenced regular sale of foreign exchange (fx) through authorised dealer banks and licensed Bureaux De Change (BDCs) to bridge gap.

The Director, Financial Markets Department, CBN, Omolara Duke, said this in a statement on Friday in Abuja.

Ms Duke said that recent movements in fx market were largely driven by demand pressure from corporate entities and summer season uptik.

She said that such fx supply was in line with the price…