2024-07-12 | FMD/GEN/CIR/01/2024-07-12

FX SPOT Sales of US$122.671 Million to Authorized Dealers

The Central Bank of Nigeria sold a total of $122.671 million to Authorized Dealers between July 10 and 11, 2024, to improve liquidity and reduce volatility in the foreign exchange market. The bank sold $67.5 million to 27 dealers and bought $2.5 million from one dealer on July 10, with the bid ranging from ₦1,480.0/US$ - ₦1,500.0/US$. On July 11, $55.171 million was sold to 19 dealers at ₦1,540.0/US$, with no purchases made.

Nigeria

Central Bank of Nigeria

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