CBN injects $106.5 Million into FX market amidst rising demand pressure

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The transactions were conducted within an exchange rate range of N1,498.00/$1 to N1,530.00/$1.

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To promote ethical conduct and support the drive for market stability, the CBN also highlighted its intention to closely monitor compliance with existing trading rules and regulations by authorised dealer banks.PREMIUM TIMES delivers fact-based journalism for Nigerians, by Nigerians — and our community of supporters, the readers who donate, make our work possible. Help us bring you and millions of others in-depth, meticulously researched news and information.

“The range of the bid for the July 10, 2024 sales was N1,480.0/US$ – N1,500.0/US$, while the value date for the payments, going by the settlement cycle of two days , is July 12, 2024.

 

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