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The Central Bank of Nigeria, CBN, has revealed that it recently sold a cumulative amount of 148 million dollars to authorised dealers in the Nigerian Foreign Exchange Market, NFEM. The apex bank’s acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali, said in a statement that the transactions were conducted between Monday and Tuesday to provide liquidity to the FX market. Sidi-Ali stated that the CBN sold FX to 29 authorised dealer banks at exchange rates between N1,470 to a dollar and N1,510 to one dollar. She reiterated the commitment of Yemi Cardoso, the CBN Governor to …

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