CBN auctions $876m at N1,495/$1 to clear retail FX requests backlog

The Central Bank of Nigeria (CBN) received a total bid valued at $1.18 billion from 32 authorised banks in its revived retail Dutch Auction System (rDAS) but accepted a total bid valued at $876.26 million from 26 banks.The post CBN auctions $876m at N1,495/$1 to clear retail FX requests backlog appeared first on The Guardian Nigeria News - Nigeria and World News.

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