Browsing: FX AUCTION
The Central Bank of Nigeria (CBN) sold $60 million to the authorised dealer deposit money banks at the rare FX auction conducted last week to stop exchange
On the back of renewed move to defend the naira, Nigeria’s gross external reserves declined by about $506 million over sustained outflows spanning 16 days in
The Nigerian naira retraced steps in the foreign exchange market on Thursday as market awaits next retail Dutch auction of the Central Bank.
CBN Uses $876m to Buy Naira at Dutch FX Auction With the aim of promoting price discovery in the currency…