Finance
CBN sells forex worth $300m
The Central Bank of Nigeria (CBN) on Monday said that it sold $300 million worth of foreign exchange at its bi-weekly Wholesale Dutch Auction System (WDAS). The CBN sold the same amount at the previous WDAS on July 24. Some dealers attributed the stable volume of sales in WDAS to the drop in the oil price at the international market. The total volume of foreign exchange sold as at July 29 stood at 2.8 billion dollars. The number of banks that participated at the July auction was 18 against 19 banks since the beginning of the month. CBN opened its WDAS on July 1 with an exchange rate of N155.75 to a dollar and traded N155.76 per dollar on July 29.
-
Economy2 days agoNigeria Sovereign Investment Authority announces winners of $275,000 prize for innovation
-
Finance2 days agoAirtel Money reports 25% growth in first-half revenue in maiden results
-
News2 days agoEFCC arrests 14 Chinese nationals in Nigeria for operating illegal lithium processing plants
-
Maritime2 days agoNIMASA, ITF signs MOU on Seafarer wellbeing, MoU First in Africa—ITF
-
Oil and Gas2 days agoHoneywell Technologies launches new AI platform at Dangote’s Nigeria refinery
-
Economy2 days agoFG targets single-digit inflation by end-2027 to unlock cheaper borrowing— Oyedele
-
News17 hours agoTop 20 Ecobank’s InnovateX finalists emerge for ₦20m prize money
-
Industry17 hours agoMAN summit to tackle high energy costs for manufacturers
You must be logged in to post a comment Login