Forex: CBN offers $100m for wholesale

Forex: CBN offers $100m for wholesale
April 06 21:08 2017

The Central Bank of Nigeria (CBN) on Thursday, April 6, 2017, offered $100 million to authorised dealers at the forex auction in the interbank wholesale window.

CBN’s spokesman, Mr. Isaac Okorafor, confirmed the offer in Abuja, saying no interventions were made in the retail auction window for forex.

He, however, said that the CBN made special intervention of $10,000 to dealers in the Bureau de Change (BDC) segment on Thursday.

According to him, the bank’s interventions in the different segments had ensured stability in the market and guaranteed availability to individuals and business concerns.