The Central Bank of Nigeria (CBN) has offered and received bids for $100 million from authorized dealers in the interbank market to meet the requests of genuine customers. The CBN spokesman, Isaac Okorafor, who disclosed this today, Thursday, said that the sales will be settled tomorrow, Friday. He said however, that no intervention was made by the Bank to meet requests for invisibles today. Okorafor reiterated that the CBN will continue to make necessary interventions in the interbank market to meet all legitimate transaction-based foreign exchange demands by customers. This is coming on the heels of the CBN had, in its last auction sale, offered $150 million to the interbank market with the highest bid rate at N335/$1, while the marginal rate was N320/$1.
