CBN Offers $100m for Wholesale Forwards

The Central Bank of Nigeria (CBN) thursday offered the sum of $100 million to authorised dealers at the forex auction in the interbank wholesale window.

The bank’s spokesman, Isaac Okorafor, who confirmed the offer disclosed that no interventions were made in the retail auction window for forex.

He, however, added that the CBN made special intervention of $10,000 to dealers in the Bureau de Change (BDC) segment yesterday.

According to him, the bank’s interventions in the different segments had ensured stability in the market and guaranteed availability to individuals and business concerns.