The Central Bank of Nigeria (CBN) has offered the sum of $100 million to authorized dealers to meet the requests of wholesale customers at the forex auction in the interbank wholesale window.
The Acting Director, Corporate Communications Department at the apex bank, Isaac Okorafor, who made this known today, said that no intervention was made in the retail window in yesterday’s auction.
He said however, that the bank had continued its weekly sale of forex to the Bureau de Change (BDC) segment to meet the needs of low-end users.
He said the CBN had observed that quite a good number of dealers were adhering to the forex guidelines and that the apex bank will continue to monitor the activities of authorized dealers to ensure that no outfit or individual circumvents the laid down forex rules.
Okorafor asked all concerned to put the Nigerian economy first, even as he reiterated that the CBN is determined to guarantee the international value of the naira.
Meanwhile, reports gathered in Abuja and Lagos on Thursday indicates that the Naira sold at the rate of N380/$1. [myad]
