Home Africa Nigeria: CBN sells another $148m to authorised dealers

Nigeria: CBN sells another $148m to authorised dealers

Nigeria: CBN sells another 8m to authorised dealers

Africa Links 24 with Joseph Inokotong
Published on 2024-07-26 23:01:12

The Central Bank of Nigeria (CBN) sold a cumulative amount of US$148,000,000.00 to authorised dealers in the Nigerian Foreign Exchange Market (NFEM) to provide liquidity to the forex market.

The transactions were conducted on July 22 and 23, 2024.

Disclosing this in Abuja on Friday, the Acting Director of the Corporate Communications Department, Mrs. Hakama Sidi Ali, underscored the transparency of the CBN’s operations.

She disclosed that the CBN sold foreign exchange (FX) to 29…

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