CBN calls for bids in special fx auction

by | December 19, 2016 5:26 pm

The central bank on Monday asked banks to submit bids for a “special currency auction” to clear the backlog of matured outstanding dollar obligations for selected sectors of the economy, traders said on Monday. The central bank instructed commercial lenders to submit backlog dollar demand from fuel importers, airlines, raw materials and machinery for manufacturing…

This content is for Standard & Premium Digital Subscribers only.
Log In Subscribe