NIGERIA'S APEX BANK SELLS $300MILLION IN FOREIGN EXCHANGE

The Central Bank of Nigeria (CBN), has sold 300 million dollars, an equivalent of forty-six billion naira at one hundred and fifty-five naira -seven-six kobo to the dollar at its 68^th Wholesale Dutch Auction System (WDAS).

CBN HQTS., ABUJA

The sale, which took place yesterday, was thirty-three-point-four-four-million dollars, which is five-point-two billion naira higher than the 266-point-five-six-million dollars sold at the same rate on the 4^th of this month.

CBN explained that the 300 million dollars sold was the total amount offered for sale. Twenty banks participated in the auction as against 19 at the previous auction.