The naira slipped against the United States dollar at the interbank segment of the forex market Monday as demand for the greenback surpassed its supply. Specifically, the naira fell by 58 kobo at the interbank as it closed at N157.40 to a dollar Monday, compared with the N156.82 to a […]
Tag: Wholesale Dutch Auction System
Falling naira: CBN sold $2.75bn in June
In a bid to save the naira from continuous decline, the Central Bank of Nigeria sold a total of $2.75bn at the Wholesale Dutch Auction System in the month of June. Information gathered by our correspondent on the CBN website showed that the external reserves dropped marginally to $36.6bn in […]
