The Central Bank of Nigeria (CBN) said it sold a total of $543.5 million to authorised dealer banks between 6 and 30 September.
The bank said the sales occurred on 11 dealing days through two-way quotes at the Nigerian Foreign Exchange Market (NFEM).
In a statement on Friday, signed by the Director of the Financial Markets Department, Omolara Duke, the CBN said the FX spot sales was to reduce observed market volatility driven by high demand for commodity importation and seasonal…
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