CBN injects additional $250m for forward market

offers $100m on spot marketIn line with its efforts to boost dollar liquidity and bolster the naira, the Central Bank of Nigeria (CBN) yesterday released additional $250 million for 7 to 30 day forwards for agriculture, airline, petroleum products and raw materials. The banking watchdog also called for bids for wholesale spot for $100 million for basic/personal travelling Allowance, medicals and tuition fees. CBN's Acting Director, Corporate Communications, Mr. Isaac Okorafor, confirmed the bank's directive yesterday. He said the lender has commenced heavy injections into the spot...The post CBN injects additional $250m for forward market appeared first on New Telegraph Newspapers.
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