CBN sells $500m to meet manufacturers’ pent-up demand

CBN sells $500m to meet manufacturers’ pent-up demand
01 November 2016, Abuja — The Central Bank of Nigeria, CBN will today sell $500 million through FX forwards to banks, for onward sales to their customers. The move is borne out of the desirous to ensure that manufacturers get the required foreign exchange (FX) for the importation of critical raw materials as well as […] More »
CBN sells $500m to meet manufacturers’ pent-up demand CBN sells $500m to meet manufacturers’ pent-up demand Reviewed by Crude Oil Facilitators on 16:03 Rating: 5

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