CBN sells $876.26m out of $1.18bn bid to 26 banks at N1,495/$1 in latest Retail Dutch Auction

Following the reintroduction of the Retail Dutch Auction and a bid to reduce the demand pressure in the foreign exchange (FX) market and promote price discovery, the Central Bank of Nigeria (CBN) has sold $876.26 million at N1,495/$1 to 26 qualified banks in its latest Retail Dutch Auction. This was from the total bid of [...]The post CBN sells $876.26m out of $1.18bn bid to 26 banks at N1,495/$1 in latest Retail Dutch Auction appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

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