By MBAFAN ADE, Abuja –
The Central Bank of Nigeria (CBN) has sold a cumulative amount of 148 million dollars to authorised dealers in the Nigerian Foreign Exchange Market (NFEM).
The CBN Acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali, disclosed this in a statement on Saturday.
Mrs. Sidi-Ali said the transactions were conducted on Monday and Tuesday to provide liquidity to the FX market.
She disclosed that the CBN sold FX to 29 authorised dealer banks at exchange rates between N1,470 to one dollar and N1,510 to one dollar.
Sidi-Ali reiterated the commitment of the CBN Governor, Yemi Cardoso, to stabilising the foreign exchange market.
According to her, Cardoso has assured that the CBN will continue to address the FX supply gap to ensure market stability.
