The Central Bank of Nigeria (CBN) on Monday sold 258.5 million dollars (N40.06 billion) worth of foreign exchange at its bi-weekly Wholesale Dutch Auction System (WDAS). The apex bank sold $263.67 million at the previous WDAS on August 28. Some dealers attributed the decrease in forex sales to the […]
Tag: FOREX
Jaiz Bank to process forex for BDC operators
Jaiz Bank Plc has unveiled plans to process foreign exchange transactions for Bureau de Change operators from next month. By this move, the bank, which is the first full-fledged non-interest bank in the country, will now join other commercial banks in processing foreign exchange transactions. A statement issued by the […]
CBN offers $300m for sale at forex market
The Central Bank of Nigeria on Wednesday offered $300m for sale at the foreign exchange market, as part of its weekly move to intervene in the market. According to a circular dated July 10, 2013, a copy of which was posted on the apex bank’s website, authorised dealers were invited […]
