Nigeria CBN sells dollars for second day after FX float

LAGOS – Nigeria’s central bank intervened for a second day on Tuesday to sell U.S. dollars into the interbank market after floating the naira failed to attract trading between banks due to liquidity concerns, traders said.

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A total of $31 million, sold between 282 and 285, was done around 1200 GMT, which traders said was intervention by the central bank. The interbank market quoted total traded volumes of $73 million on Tuesday.(Reuters)


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