The Central Bank of Nigeria said it has sold a total of $150 million to authorised forex dealers in the interbank at the highest bid rate of N335/$1 and a marginal rate of N320/$1.
Confirming the details of the sale to the dealers, the bank’s Acting Director in charge of Corporate Communications, Isaac Okoroafor, said that the highest rate of N335 was the same as the last auction rate of March 8, 2017.
He, however, added that there was a change in the marginal rate from N315/$1 during the last auction to Wednesday’s marginal rate of N320.
Okoroafor expressed confidence that the pressure hitherto faced by both small and big end-users will be totally overcome soon.
The CBN, in the past few weeks, has been making offers and releases to the inter-bank foreign exchange market in its bid to sustain forex rule supply to different categories of users.
