Central Bank of Nigeria is said to be selling an undisclosed amount of foreign currency on the interbank market to ease current shortages. This may be in line with the assurances given recently by the bank’s governor, Godwin Emefiele that it would intervene from time to time in the trading of foreign exchange when it was necessary.
Some currency traders revealed today that the CBN had asked them to submit bid-offer quotes so it could intervene on the interbank market.
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