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  • CBN’s $200m sale fails to lift naira at inter-bank
 

CBN’s $200m sale fails to lift naira at inter-bank

CBN’s $200m sale fails to lift naira at inter-bank

by magna / Wednesday, 11 February 2015 / Published in Capital Market News

The expectations of many foreign exchange users were not met as naira pressure persisted on Wednesday even after the Central Bank of Nigeria’s (CBN) intervention. The CBN on Wednesday offered about $200 million and sold same to some deposit money banks at the rate of N168/$ at its twice weekly Dutch Auction System (RDAS). Consequently,…

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Source : BusinessDay

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