BusinessDay

CBN sells $1.5m on interbank market as naira firms on black market

The Central Bank of Nigeria has sold $1.5 million on the interbank market at 305 per dollar on Friday to boost liquidity, traders said.

This helped push the naira to 460 on the black market, its highest level in more than three months, following several interventions by the central bank on the official market.

 

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