CBN pumps $81m into BDCs as FX demand heightens

By Chinwendu Obienyi The Central Bank of Nigeria (CBN) intervened in the foreign exchange (FX) market last week, selling approximately $81 million to authorised dealers as rising demand pressures continued to weigh on the naira. The domestic currency depreciated by 0.4 per cent week-on-week (w/w) to N1,538.00/$1, as demand outpaced available supply despite the apex [...]The post CBN pumps $81m into BDCs as FX demand heightens appeared first on The Sun Nigeria.

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