Monday 16 February 2015

CBN asks lenders for dollar levels to shore up naira

 

Nigeria's central bank of Nigeria on Monday asked commercial lenders once again to submit demand levels for dollars for it to intervene.

Dealers however cited a  that two-way trading on the interbank market will depend on the level of liquidity.


The central bank said it will sell dollars to the interbank at 198 naira, dealers said. But lenders are not allowed to resell central bank dollars among themselves to curb speculation.
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