The Central Bank of Nigeria (CBN) on Wednesday, sold a total of $150 million to authorized FOREX dealers in the interbank at the highest bid rate of N335/$1 and a marginal rate of N320/$1.
Confirming
the details of the sale to the dealers, Isaac Okorafor, the Bank’s Acting Director in
charge of Corporate Communications said the highest rate
of N335 was the same as the last auction rate of March 8, 2017.
Okorafor, however, added that there was a
change in the marginal rate from N315/$1 during the last auction to
Wednesday’s marginal rate of N320.
H expressed confidence that the pressure hitherto faced by both small and big-end users will be totally overcome soon.
It will be recalled that the CBN,
in the past few weeks, has been making offers and releases to the
inter-bank foreign exchange market in its bid to sustain forex rule
supply to different categories of users.
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