• Monday, July 22, 2024
businessday logo

BusinessDay

CBN sells $401m last Friday to support naira

Cashless transactions surge 88% to N237trn in Q1

The Central Bank of Nigeria (CBN) sold $401 million on the interbank market at 198 to the naira last Friday to prop up the ailing naira currency, an FX market body comprising top tier banks said on Wednesday.

Read also: Military kills 300 Boko Haram militants in recapture of 11 towns

Vice Chairman of the Financial Market Dealers Quotations (FMDQ) Jibril Aku also said the central bank would be filling orders on a daily basis before the markets open.