Regulatory Alerts2024-10-04 | FMD/DIR/INT/CCD/001/036FX Spot Sales of US$543.5 Million to Authorised Dealers from September 06-30, 2024.
The Central Bank of Nigeria sold a total of $543.5 million to authorized dealer banks from September 6-30, 2024, to reduce market volatility driven by high demand for commodity imports and seasonal FX demand. The FX spot sales occurred on 11 dealing days, with value dates for all transactions set at T+2. The CBN will continue to facilitate FX supply as part of its holistic FX management strategy.