Nov 27 (Lagos) - The Central Bank of Nigeria (CBN) last week raised the tempo of its foreign exchange (forex) intervention in the inter-bank market to a total of US$ 498 million.
Figures obtained from the central bank showed that it commenced the week by initially injecting US$ 210 million and thereafter sold another US$ 288 million.
Naira exchange rates currently stand at :
USD/NGN (CBN Official) - 305.85
USD/NGN (1M) - 365.17
USD/NGN (3M) - 376.49
USD/NGN (NAFEX) - 360.25
USD/NGN (PARALLEL) - 365
reporting for easykobo.com on Monday, Nov 27 2017 from Lagos, Nigeria
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