RegAlert

News · CBN · 4 Oct 2024 · FMD/DIR/INT/CCD/001/036

FX Spot Sales of US$543.5 Million to Authorised Dealers from September 06-30, 2024.

fx
monetary
disclosure

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.

NigeriaCentral Bank of Nigeria

Central Bank Of Nigeria

FX SPOT SALES OF US$543.5 MILLION TO AUTHORISED DEALERS FROM SEPTEMBER 06-30, 2024.

The Central Bank of Nigeria (CBN) sold a total of US$543.5 million (Five Hundred and Forty- Three Million, Five Hundred Thousand US Dollars Only) from September 06-30, 2024, to Authorized Dealer banks through two-way quotes at the Nigerian Foreign Exchange Market (NFEM) on 11 dealing days as shown below:

SUMMARY OF FX SPOT SALES, SEPTEMBER 06-30, 2024
RANGE/RATES OF FX
S/NDATESALES US$SOLD
lSeptember 6, 202439,000,000.00N1580.00/US$-N1605.00/US$
2September 9, 202466,000,000.00N1570.00/US$-N1585.00/US$
3September 11, 202477,000,000.00N1540.00/US$-N1575.00/US$
4September 13, 202446,000,000.00N1540.00/US$-N1575.00/US$
5September 18, 202424,000,000.00N1530.00/US$-N1540.00/US$
6September 19, 202428,000,000.00N1540.00/US$-N1555.00/US$
7September 20, 202431,000,000.00N1540.00/US$-N1545.00/US$
8September 23, 202417,500,000.00N1540.00/US$
9September 26, 202480,000,000.00N1570.00/US$-N1580.00/US$
10September 27, 202479,000,000.00N1530.00/US$-N1580.00/US$
l 1September 30, 202456,000,000.00N1540.00/US$
TOTAL543,500,000.00

The FX spot sales was to reduce observed market volatility driven by high demand for commodity importation and seasonal demand for FX. The value dates for all the transactions were T+2.

This press release is to educate and provide guidance to the general public on the pricing of FX by taking a clue from the range of rates at which FX was sold by the CBN to Authorized Dealer banks.

The CBN will continue to facilitate the supply of FX into the Nigerian Foreign Exchange Market (NFEM) as part of its holistic FX Management strategy.

The attached provides further details on the Fx sales.

Omolara O. Duke (Ph. D)
Director, Financial Markets Department.

CBN FX SALES TO AUTHORIZED DEALER BANKS ON SEPTEMBER 09, 2024
S/NCounterPartyDateCurrencyRate N/US$VolumeNaira Equivalent
1 UNION BANK OF NIGERIA PLC09-Sep-2024USD1,585.001,500,000.002,377,500,000.00
2 TAJ BANK09-Sep-2024USD1,575.001,500,000.002,362,500,000.00
3 SUNTRUST BANK NIGERIA LIMITED09-Sep-2024USD1,580.001,500,000.002,370,000,000.00
4 STERLING BANK09-Sep-2024USD1,580.001,500,000.002,370,000,000.00
5 PREMIUM TRUST BANK09-Sep-2024USD1,585.001,500,000.002,377,500,000.00
6 PARALLEX BANK09-Sep-2024USD1,570.001,500,000.002,355,000,000.00
7 OPTIMUS BANK LIMITED09-Sep-2024USD1,570.001,500,000.002,355,000,000.00
8 NOVA MERCHANT BANK09-Sep-2024USD1,580.001,500,000.002,370,000,000.00
9 KEYSTONE BANK09-Sep-2024USD1,570.001,500,000.002,355,000,000.00
10 GREENWICH MERCHANT BANK09-Sep-2024USD1,585.001,500,000.002,377,500,000.00
11 GLOBUS BANK09-Sep-2024USD1,575.001,500,000.002,362,500,000.00
12 FIRST CITY MONUMENT BANK09-Sep-2024USD1,580.001,500,000.002,370,000,000.00
13 CITIBANK NIGERIA LIMITED09-Sep-2024USD1,575.001,500,000.002,362,500,000.00
14 ACCESS BANK PLC09-Sep-2024USD1,570.001,500,000.002,355,000,000.00
15 ECOBANK NIGERIA LIMITED09-Sep-2024USD1,570.005,000,000.007,850,000,000.00
16 ZENITH BANK PLC09-Sep-2024USD1,570.005,000,000.007,850,000,000.00
17 UNITED BANK FOR AFRICA09-Sep-2024USD1,570.005,000,000.007,850,000,000.00
18 STANBIC IBTC BANK09-Sep-2024USD1,570.005,000,000.007,850,000,000.00
19 POLARIS BANK09-Sep-2024USD1,570.005,000,000.007,850,000,000.00
20 GUARANTY TRUST BANK PLC09-Sep-2024USD1,570.005,000,000.007,850,000,000.00
21 FIDELITY BANK PLC09-Sep-2024USD1,570.005,000,000.007,850,000,000.00
22 FBN MERCHANT BANK09-Sep-2024USD1,570.005,000,000.007,850,000,000.00
23 CORONATION MERCHANT BANK LIMITED 09-Sep-2024USD1,570.005,000,000.007,850,000,000.00
66,000,000.00103,770,000,000.00
CBN FX SALES TO AUTHORIZED DEALER BANKS ON SEPTEMBER 06, 2024
SINCounterPartyDateCurrencyRate N/US$VolumeNaira Equivalent
TITAN TRUST BANK LIMITED06-Sep-2024USD1,580.001,500,000.002,370,000,000.00
2 JAIZ BANK PLC06-Sep-2024USD1,580.001,500,000.002,370,000,000.00
3 UNION BANK OF NIGERIA PLC06-Sep-2024USD1,585.001,500,000.002,377,500,000.00
4 OPTIMUS BANK LIMITED06-Sep-2024USD1,585.001,500,000.002,377,500,000.00
5 ECOBANK NIGERIA LIMITED06-Sep-2024USD1,585.001,500,000.002,377,500,000.00
6 CITIBANK NIGERIA LIMITED06-Sep-2024USD1,585.001,500,000.002,377,500,000.00
7 CORONATION MERCHANT BANK LIMITED 06-Sep-2024USD1,585.001,500,000.002,377,500,000.00
8 STANBIC IBTC BANK06-Sep-2024USD1,595.001,500,000.002,392,500,000.00
9 FIDELITY BANK PLC06-Sep-2024USD1,598.001,500,000.002,397,000,000.00
10 ZENITH BANK PLC06-Sep-2024USD1,600.001,500,000.002,400,000,000.00
11 UNITED BANK FOR AFRICA06-Sep-2024USD1,600.001,500,000.002,400,000,000.00
12 TAJBANK LIMITED06-Sep-2024USD1,600.001,500,000.002,400,000,000.00
13 SUNTRUST BANK NIGERIA LIMITED06-Sep-2024USD1,600.001,500,000.002,400,000,000.00
14 STANDARD CHARTERED BANK NIGERIA06-Sep-2024USD1,600.001,500,000.002,400,000,000.00
15 RAND MERCHANT BANK NIGERIA06-Sep-2024USD1,600.001,500,000.002,400,000,000.00
16 PROVIDUS BANK06-Sep-2024USD1,600.001,500,000.002,400,000,000.00
17 PREMIUM TRUST BANK06-Sep-2024USD1,600.001,500,000.002,400,000,000.00
18 PARALLEX BANK06-Sep-2024USD1,600.001,500,000.002,400,000,000.00
19 NOVA MERCHANT BANK06-Sep-2024USD1,600.001,500,000.002,400,000,000.00
20 KEYSTONE BANK06-Sep-2024USD1,600.001,500,000.002,400,000,000.00
21GUARANTY TRUST BANK PLC06-Sep-2024USD1,600.001,500,000.002,400,000,000.00
22 GLOBUS BANK06-Sep-2024USD1,600.001,500,000.002,400,000,000.00
23 FSDH MERCHANT BANK06-Sep-2024USD1,600.001,500,000.002,400,000,000.00
24 ACCESS BANK PLC06-Sep-2024USD1,600.001,500,000.002,400,000,000.00
25 WEMA BANK PLC06-Sep-2024USD1,605.001,500,000.002,407,500,000.00
26 FIRST CITY MONUMENT BANK06-Sep-2024USD1,605.001,500,000.002,407,500,000.00
39,000,000.0062,232,000,000.00
CBN FX SALES TO AUTHORIZED DEALER BANKS ON SEPTEMBER 11, 2024
SINCounterPartyDateCurrency Rate N/US$VolumeNaira Equivalent
1ZENITH BANK11-Sep-2024USD1,550.002,000,000.003,100,000,000.00
2 WEMA BANK PLC11-Sep-2024USD1,550.002,000,000.003,100,000,000.00
3 UNION BANK OF NIGERIA PLC11-Sep-2024USD1,555.002,000,000.003,110,000,000.00
4 TAJ BANK11-Sep-2024USD1,575.002,000,000.003,150,000,000.00
5 SUNTRUST BANK NIGERIA LIMITED11-Sep-2024USD1,550.002,000,000.003,100,000,000.00
6 STERLING BANK11-Sep-2024USD1,550.002,000,000.003,100,000,000.00
7 STANDARD CHARTERED BANK NIGERIA11-Sep-2024usd1,555.002,000,000.003,110,000,000.00
8 SIGNATURE BANK11-Sep-2024USD1,550.002,000,000.003,100,000,000.00
9 PROVIDUS BANK11-Sep-2024USD1,575.002,000,000.003,150,000,000.00
10 PREMIUM TRUST BANK11-Sep-2024USD1,550.002,000,000.003,100,000,000.00
11 POLARIS BANK LIMITED11-Sep-2024USD1,565.002,000,000.003,130,000,000.00
12 PARALLEX BANK11-Sep-2024USD1,550.002,000,000.003,100,000,000.00
13 OPTIMUS BANK LIMITED11-Sep-2024USD1,560.002,000,000.003,120,000,000.00
14 NOVA MERCHANT BANK11-Sep-2024USD1,550.002,000,000.003,100,000,000.00
15 LOTUS BANK NIGERIA11-Sep-2024USD1,560.002,000,000.003,120,000,000.00
16 KEYSTONE BANK11-Sep-2024USD1,550.002,000,000.003,100,000,000.00
17 GUARANTY TRUST BANK PLC11-Sep-2024USD1,545.002,000,000.003,090,000,000.00
18 GREENWICH MERCHANT BANK11-Sep-2024USD1,560.002,000,000.003,120,000,000.00
19 GLOBUS BANK11-Sep-2024USD1,550.002,000,000.003,100,000,000.00
20 FSDH MERCHANT BANK11-Sep-2024USD1,550.002,000,000.003,100,000,000.00
21 FIRST BANK11-Sep-2024USD1,550.002,000,000.003,100,000,000.00
22 FBN MERCHANT BANK11-Sep-2024USD1,550.002,000,000.003,100,000,000.00
23 ECOBANK NIGERIA LIMITED11-Sep-2024USD1,550.002,000,000.003,100,000,000.00
24 CITIBANK NIGERIA LIMITED11-Sep-2024USD1,545.002,000,000.003,090,000,000.00
25 CORRONATION BANK11-Sep-2024USD1,550.002,000,000.003,100,000,000.00
26 ACCESS BANK PLC11-Sep-2024USD1,550.002,000,000.003,100,000,000.00
27 UNITED BANK FOR AFRICA11-Sep-2024USD1,545.005,000,000.007,725,000,000.00
28 STANBIC IBTC BANK11-Sep-2024USD1,545.005,000,000.007,725,000,000.00
29 RAND MERCHANT BANK NIGERIA11-Sep-2024USD1,540.005,000,000.007,700,000,000.00
30 JAIZ BANK PLC11-Sep-2024USD1,545.005,000,000.007,725,000,000.00
31 FIRST CITY MONUMENT BANK11-Sep-2024USD1,545.005,000,000.007,725,000,000.00
77,000,000.00119,390,000,000.00
CBN FX SALES TO AUTHORIZED DEALER BANKS ON SEPTEMBER 13, 2024
CounterParty
S/NDateCurrencyRate N/US$VolumeNaira Equivalent
1TAJBANK LIMITED13-Sep-2024USD1,540.002,000,000.003,080,000,000.00
2SUNTRUST BANK NIGERIA LIMITED13-Sep-2024USD1,540.002,000,000.003,080,000,000.00
3 STERLING BANK13-Sep-2024USD1,550.002,000,000.003,100,000,000.00
4 STANDARD CHARTERED BANK NIGERIA13-Sep-2024USD1,560.002,000,000.003,120,000,000.00
5 STANBIC IBTC BANK13-Sep-2024USD1,540.002,000,000.003,080,000,000.00
6 SIGNATURE BANK13-Sep-2024USD1,550.002,000,000.003,100,000,000.00
7 PROVIDUS BANK PLC13-Sep-2024USD1,550.002,000,000.003,100,000,000.00
8 PREMIUM TRUST NG13-Sep-2024USD1,550.002,000,000.003,100,000,000.00
9 POLARIS BANK LIMITED13-Sep-2024USD1,550.002,000,000.003,100,000,000.00
10 PARALLEX BANK13-Sep-2024USD1,540.002,000,000.003,080,000,000.00
11 OPTIMUS BANK LIMITED13-Sep-2024USD1,540.002,000,000.003,080,000,000.00
12 NOVA MERCHANT BANK13-Sep-2024USD1,548.002,000,000.003,096,000,000.00
13 LOTUS BANK NIGERIA13-Sep-2024USD1,540.002,000,000.003,080,000,000.00
14 KEYSTONE BANK13-Sep-2024USD1,550.002,000,000.003,100,000,000.00
15 GUARANTY TRUST BANK PLC13-Sep-2024USD1,540.002,000,000.003,080,000,000.00
16 GLOBUS BANK13-Sep-2024USD1,550.002,000,000.003,100,000,000.00
17 FIRSTBANK NIGERIA13-Sep-2024USD1,550.002,000,000.003,100,000,000.00
18 FIDELITY BANK PLC13-Sep-2024USD1,550.002,000,000.003,100,000,000.00
19 ECOBANK NIGERIA LIMITED13-Sep-2024USD1,540.002,000,000.003,080,000,000.00
20 CITIBANK NIGERIA LIMITED13-Sep-2024USD1,575.002,000,000.003,150,000,000.00
21 CORRONATION BANK13-Sep-2024USD1,550.002,000,000.003,100,000,000.00
22 ACCESS BANK PLC13-Sep-2024USD1,540.002,000,000.003,080,000,000.00
23 FBN MERCHANT BANK13-Sep-2024USD1,550.002,000,000.003,100,000,000.00
46,000,000.0071,186,000,000.00
CBN FX SALES TO AUTHORIZED DEALER BANKS ON SEPTEMBER 18, 2024
CounterPartyDate
S/NCurrencyRate N/US$VolumeNaira Equivalent
1 SUNTRUST BANK NIGERIA LIMITED18-Sep-2024USD1,530.002,000,000.003,060,000,000.00
2STERLING BANK18-Sep-2024USD1,530.002,000,000.003,060,000,000.00
3 SIGNATURE BANK18-Sep-2024USD1,530.002,000,000.003,060,000,000.00
4 NOVA MERCHANT BANK18-Sep-2024USD1,530.002,000,000.003,060,000,000.00
5 KEYSTONE BANK18-Sep-2024USD1,530.002,000,000.003,060,000,000.00
6 GLOBUS BANK18-Sep-2024USD1,530.002,000,000.003,060,000,000.00
7 FIDELITY BANK PLC18-Sep-2024USD1,530.002,000,000.003,060,000,000.00
8 CORRONATION BANK18-Sep-2024USD1,530.002,000,000.003,060,000,000.00
9 WEMA BANK PLC18-Sep-2024USD1,535.002,000,000.003,070,000,000.00
10 TAJBANK LIMITED18-Sep-2024USD1,540.002,000,000.003,080,000,000.00
11 GREENWICH MERCHANT BANK18-Sep-2024USD1,540.002,000,000.003,080,000,000.00
12 ECOBANK NIGERIA LIMITED18-Sep-2024USD1,540.002,000,000.003,080,000,000.00
24,000,000.0036,790,000,000.00
CBN FX SALES TO AUTHORIZED DEALER BANKS ON SEPTEMBER 19, 2024
CounterPartyDateCurrency
S/NRate N/US$VolumeNaira Equivalent
1 ZENITH BANK PLC19-Sep-2024USD1,540.002,000,000.003,080,000,000.00
2 UNITED BANK FOR AFRICA19-Sep-2024USD1,540.002,000,000.003,080,000,000.00
3 STANBIC IBTC BANK19-Sep-2024USD1,540.002,000,000.003,080,000,000.00
4 SIGNATURE BANK19-Sep-2024USD1,540.002,000,000.003,080,000,000.00
5 RAND MERCHANT BANK NIGERIA19-Sep-2024USD1,540.002,000,000.003,080,000,000.00
6 POLARIS BANK19-Sep-2024USD1,540.002,000,000.003,080,000,000.00
7 GUARANTY TRUST BANK PLC19-Sep-2024USD1,540.002,000,000.003,080,000,000.00
8 GLOBUS BANK19-Sep-2024USD1,540.002,000,000.003,080,000,000.00
9 FIRST CITY MONUMENT BANK19-Sep-2024USD1,540.002,000,000.003,080,000,000.00
10 FBN MERCHANT BANK19-Sep-2024USD1,540.002,000,000.003,080,000,000.00
11 ECOBANK NIGERIA LIMITED19-Sep-2024USD1,540.002,000,000.003,080,000,000.00
12 CITIBANK NIGERIA LIMITED19-Sep-2024USD1,540.002,000,000.003,080,000,000.00
13 FIRST BANK19-Sep-2024USD1,550.002,000,000.003,100,000,000.00
14 UNION BANK OF NIGERIA PLC19-Sep-2024USD1,555.002,000,000.003,110,000,000.00
28,000,000.0043,170,000,000.00
CBN FX SALES TO AUTHORIZED DEALER BANKS ON SEPTEMBER 20, 2024
CounterPartyDate
SINCurrencyRate N/US$VolumeNaira Equivalent
1 ZENITH BANK PLC20-Sep-2024USD1,540.003,000,000.004,620,000,000.00
2 UNITED BANK FOR AFRICA20-Sep-2024USD1,540.002,000,000.003,080,000,000.00
3 TITAN BANK20-Sep-2024USD1,540.002,000,000.003,080,000,000.00
4 TAJBANK LIMITED20-Sep-2024USD1,540.002,000,000.003,080,000,000.00
5 STANDARD CHARTERED BANK NIGERIA20-Sep-2024USD1,540.002,000,000.003,080,000,000.00
6SIGNATURE BANK20-Sep-2024USD1,540.002,000,000.003,080,000,000.00
7 RAND MERCHANT BANK NIGERIA20-Sep-2024USD1,540.003,000,000.004,620,000,000.00
8 PARALLEX BANK20-Sep-2024USD1,540.002,000,000.003,080,000,000.00
9 JAIZ BANK20-Sep-2024USD1,540.002,000,000.003,080,000,000.00
10 FSDH MERCHANT BANK20-Sep-2024USD1,540.002,000,000.003,080,000,000.00
11 FIRST CITY MONUMENT BANK20-Sep-2024USD1,540.002,000,000.003,080,000,000.00
12 FBN MERCHANT BANK20-Sep-2024USD1,540.002,000,000.003,080,000,000.00
13 ECOBANK NIGERIA LIMITED20-Sep-2024USD1,540.003,000,000.004,620,000,000.00
14 OPTIMUS BANK LIMITED20-Sep-2024USD1,545.002,000,000.003,090,000,000.00
31,000,000.0047,750,000,000.00
CBN FX SALES TO AUTHORIZED DEALER BANKS ON SEPTEMBER 23, 2024
CounterParty
S/NDateCurrencyRate N/US$VolumeNaira Equivalent
1UNION BANK OF NIGERIA PLC23-Sep-2024USD1,540.001,500,000.002,310,000,000.00
2 RAND MERCHANT BANK NIGERIA23-Sep-2024USD1,540.001,500,000.002,310,000,000.00
3 GLOBUS BANK23-Sep-2024USD1,540.001,500,000.002,310,000,000.00
4 FSDH MERCHANT BANK23-Sep-2024USD1,540.001,500,000.002,310,000,000.00
5 ACCESS BANK PLC23-Sep-2024USD1,540.001,500,000.002,310,000,000.00
6 ZENITH BANK PLC23-Sep-2024USD1,540.002,000,000.003,080,000,000.00
7 WEMA BANK23-Sep-2024USD1,540.002,000,000.003,080,000,000.00
8 KEYSTONE BANK23-Sep-2024USD1,540.002,000,000.003,080,000,000.00
9 FIDELITY BANK PLC23-Sep-2024USD1,540.002,000,000.003,080,000,000.00
10 ECOBANK NIGERIA LIMITED23-Sep-2024USD1,540.002,000,000.003,080,000,000.00
1,540.0017,500,000.0026,950,000,000.00
CBN FX SALES TO AUTHORIZED DEALER BANKS ON SEPTEMBER 26, 2024
CounterPartyDateCurrencyRate N/US$
S/NVolumeNaira Equivalent
1 FSDH MERCHANT BANK26-Sep-2024USD1,580.001,000,000.001,580,000,000.00
2 LOTUS BANK26-Sep-2024USD1,580.001,000,000.001,580,000,000.00
3 OPTIMUS BANK LIMITED26-Sep-2024USD1,570.001,000,000.001,570,000,000.00
4 POLARIS BANK26-Sep-2024USD1,580.001,000,000.001,580,000,000.00
5 PROVIDUS BANK26-Sep-2024USD1,580.001,000,000.001,580,000,000.00
6 SIGNATURE BANK26-Sep-2024USD1,570.001,000,000.001,570,000,000.00
7 CORONATION MERCHANT BANK LTD26-Sep-2024USD1,570.002,000,000.003,140,000,000.00
8 ECOBANK NIGERIA LIMITED26-Sep-2024USD1,570.002,000,000.003,140,000,000.00
9 GLOBUS BANK26-Sep-2024USD1,570.002,000,000.003,140,000,000.00
10 GREENWICH MB26-Sep-2024USD1,570.002,000,000.003,140,000,000.00
11 JAIZ BANK26-Sep-2024USD1,570.002,000,000.003,140,000,000.00
12 KEYSTONE BANK26-Sep-2024USD1,580.002,000,000.003,160,000,000.00
13 NOVA MERCHANT BANK26-Sep-2024USD1,570.002,000,000.003,140,000,000.00
14 PARALLEX BANK26-Sep-2024USD1,580.002,000,000.003,160,000,000.00
15 POLARIS BANK26-Sep-2024USD1,570.002,000,000.003,140,000,000.00
16 PREMIUM TRUST BANK26-Sep-2024USD1,570.002,000,000.003,140,000,000.00
17 PROVIDUS BANK26-Sep-2024USD1,570.002,000,000.003,140,000,000.00
18 SIGNATURE BANK26-Sep-2024USD1,570.002,000,000.003,140,000,000.00
19 STANBIC IBTC BANK26-Sep-2024USD1,575.002,000,000.003,150,000,000.00
20 STERLING BANK26-Sep-2024USD1,570.002,000,000.003,140,000,000.00
21 SUNTRUST BANK NIGERIA LIMITED26-Sep-2024USD1,575.002,000,000.003,150,000,000.00
22 TAJ BANK26-Sep-2024USD1,570.002,000,000.003,140,000,000.00
23 TITAN TRUST BANK LIMITED26-Sep-2024USD1,580.002,000,000.003,160,000,000.00
24 CITI BANK26-Sep-2024USD1,570.005,000,000.007,850,000,000.00
25 FBN MERCHANT BANK26-Sep-2024USD1,570.005,000,000.007,850,000,000.00
26 FIDELITY BANK PLC26-Sep-2024USD1,570.005,000,000.007,850,000,000.00
27 FIRST CITY MONUMENT BANK26-Sep-2024USD1,570.005,000,000.007,850,000,000.00
28 GUARANTY TRUST BANK PLC26-Sep-2024USD1,570.005,000,000.007,850,000,000.00
29 UNITED BANK FOR AFRICA26-Sep-2024USD1,570.005,000,000.007,850,000,000.00
30 UNION BANK OF NIGERIA PLC26-Sep-2024USD1,570.005,000,000.007,850,000,000.00
31 ZENITH BANK PLC26-Sep-2024USD1,570.005,000,000.007,850,000,000.00
80,000,000.00125,720,000,000.00
CBN FX SALES TO AUTHORIZED DEALER BANKS ON SEPTEMBER 27, 2024
CounterParty
S/NDateCurrencyRate N/US$VolumeNaira Equivalent
1 GLOBUS BANK27-Sep-2024USD1,540.002,000,000.003,080,000,000.00
2 SIGNATURE BANK27-Sep-2024USD1,570.002,000,000.003,140,000,000.00
3 KEYSTONE BANK27-Sep-2024USD1,540.002,000,000.003,080,000,000.00
4 STANDARD CHARTERED BANK NIGERIA27-Sep-2024USD1,580.002,000,000.003,160,000,000.00
5 PARALLEX BANK27-Sep-2024USD1,541.002,000,000.003,082,000,000.00
6 TAJ BANK27-Sep-2024USD1,570.002,000,000.003,140,000,000.00
7 CORONATION MERCHANT BANK LTD27-Sep-2024USD1,540.002,000,000.003,080,000,000.00
8 PREMIUM TRUST BANK27-Sep-2024USD1,530.003,000,000.004,590,000,000.00
9 POLARIS BANK27-Sep-2024USD1,530.003,000,000.004,590,000,000.00
10 OPTIMUS BANK LIMITED27-Sep-2024USD1,530.003,000,000.004,590,000,000.00
11 ECOBANK NIGERIA LIMITED27-Sep-2024USD1,540.003,000,000.004,620,000,000.00
12 SUNTRUST BANK NIGERIA LIMITED27-Sep-2024USD1,540.003,000,000.004,620,000,000.00
13 GREENWICH MERCHANT BANK27-Sep-2024USD1,540.003,000,000.004,620,000,000.00

CBN FX SALES TO AUTHORIZED DEALER BANKS ON SEPTEMBER 26, 2024 CBN FX SALES TO AUTHORIZED DEALER BANKS ON SEPTEMBER 27, 2024

14 FSDH MERCHANT BANK27-Sep-2024USD1,540.003,000,000.004,620,000,000.00
15 LOTUS BANK27-Sep-2024USD1,540.003,000,000.004,620,000,000.00
16 NOVA MERCHANT BANK27-Sep-2024USD1,540.003,000,000.004,620,000,000.00
17 JAIZ BANK27-Sep-2024USD1,540.003,000,000.004,620,000,000.00
18 STANBIC IBTC BANK27-Sep-2024USD1,540.005,000,000.007,700,000,000.00
19 CITI BANK27-Sep-2024USD1,530.005,000,000.007,650,000,000.00
20 RAND MERCHANT BANK NIGERIA27-Sep-2024USD1,540.005,000,000.007,700,000,000.00
21 UNITED BANK FOR AFRICA27-Sep-2024USD1,540.005,000,000.007,700,000,000.00
22 GUARANTY TRUST BANK PLC27-Sep-2024USD1,540.005,000,000.007,700,000,000.00
23 ZENITH BANK PLC27-Sep-2024USD1,540.005,000,000.007,700,000,000.00
24 UNION BANK OF NIGERIA PLC27-Sep-2024USD1,540.005,000,000.007,700,000,000.00
79,000,000.00121,722,000,000.00
FX SPOT SALES TO AUTHORIZED DEALER BANKS ON SEPTEMBER 30, 2024
CounterParty
S/NDateCurrencyRate N/US$VolumeNaira Equivalent
1SIGNATURE BANK30-Sep-24USD1,540.002,000,000.003,080,000,000.00
2GLOBUS BANK30-Sep-24USD1,540.002,000,000.003,080,000,000.00
3 POLARIS BANK30-Sep-24USD1,540.002,000,000.003,080,000,000.00
4 KEYSTONE BANK30-Sep-24USD1,540.002,000,000.003,080,000,000.00
5 PARALLEX BANK30-Sep-24USD1,540.002,000,000.003,080,000,000.00
6 GREENWICH MB30-Sep-24USD1,540.002,000,000.003,080,000,000.00
7 TAJ BANK30-Sep-24USD1,540.002,000,000.003,080,000,000.00
8 LOTUS BANK30-Sep-24USD1,540.002,000,000.003,080,000,000.00
9 FIRST CITY MONUMENT BANK30-Sep-24USD1,540.002,000,000.003,080,000,000.00
10 SUNTRUST BANK NIGERIA LIMITED30-Sep-24USD1,540.002,000,000.003,080,000,000.00
11 ECOBANK NIGERIA LIMITED30-Sep-24USD1,540.003,000,000.004,620,000,000.00
12 FIRST BANK30-Sep-24USD1,540.003,000,000.004,620,000,000.00
13 STANBIC IBTC BANK30-Sep-24USD1,540.003,000,000.004,620,000,000.00
14 STERLING BANK30-Sep-24USD1,540.003,000,000.004,620,000,000.00
15 CITI BANK30-Sep-24USD1,540.003,000,000.004,620,000,000.00
16 ACCESS BANK PLC30-Sep-24USD1,540.003,000,000.004,620,000,000.00
17 RAND MERCHANT BANK NIGERIA30-Sep-24USD1,540.003,000,000.004,620,000,000.00
18 FSDH MERCHANT BANK30-Sep-24USD1,540.003,000,000.004,620,000,000.00
19 CORONATION MERCHANT BANK LTD30-Sep-24USD1,540.003,000,000.004,620,000,000.00
20 UNITED BANK FOR AFRICA30-Sep-24USD1,540.003,000,000.004,620,000,000.00
21 NOVA MERCHANT BANK30-Sep-24USD1,540.003,000,000.004,620,000,000.00
22 STANDARD CHARTERED BANK NIGERIA30-Sep-24USD1,540.003,000,000.004,620,000,000.00
56,000,000.0086,240,000,000.00
TOTAL543,500,000.00844,920,000,000.00

FX SPOT SALES TO AUTHORIZED DEALER BANKS ON SEPTEMBER 30, 2024

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