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Topic: Naira Gains as CBN Auctions $150m FX Forwards  (Read 1744 times)

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Naira Gains as CBN Auctions $150m FX Forwards
« on: March 17, 2017, 07:00:46 pm »
Naira Gains as CBN Auctions $150m FX Forwards

Obinna Chima The naira appreciated slightly on the parallel market on Thursday following last Wednesday’s sale of a total of $150 million through foreign exchange (FX) forwards by the Central Bank of Nigeria (CBN). Specifically, the naira strengthened to N444 to the dollar on Thursday, stronger than the N454 to the dollar it was at […]
Source: Naira Gains as CBN Auctions $150m FX Forwards

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