CBN to offer $150 mln in currency forwards -currency traders

CBN to offer $150 mln in currency forwards -currency traders

The Central Bank will offer $150 million in currency forwards on Monday, to be settled within 60 days, currency traders said, citing a notice from the bank. The bank has been selling dollars to try to narrow the spread between the naira’s official and black market exchange rates. The local currency was quoted at 395…

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