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Tag: auction

Business
CBN dumps 12-month forex policy with $876m auction

CBN dumps 12-month forex policy with $876m auction

August 8, 2024November 20, 2024 AGS

AGS NEWS – On August 6, 2024, the Central Bank of Nigeria (CBN) auctioned $876.26 million to end users through 26 commercial banks. This move aimed to bolster the ailing naira and enhance foreign exchange liquidity. The auction process, part … Continue reading CBN dumps 12-month forex policy with $876m auction

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