The increasing pressure on the naira may have made the Central Bank of Nigeria’s weekly dollar sale at the Retail Dutch Auction System to increase by 260.5 per cent, according to the central bank’s statistics. The data indicated the central bank offered a cumulative total of $3bn to defend the […]
Tag: Foreign Exchange Dutch Auction System
CBN defends naira with $1.4bn in two weeks
The increasing pressure on the naira has forced the Central Bank of Nigeria to defend the currency with $1.45bn within the first two weeks of this year, latest statistics by the bank has shown. According to the data, the central bank offered $1.45bn in four regulated actions through the Retail […]
