CBN offers $100m currency forwards -traders

The Central Bank of Nigeria (CBN)plans to offer $100 million in currency forwards at an auction on Tuesday, to boost liquidity on the interbank market and support the naira, traders said, citing a memo from the CBN
The dollar sale, for which settlement will be between one week and 45 days, is aimed at meeting demand for businesses, the bank said. The sale will be via a wholesale auction.
The naira was quoted at 306 on the official market and changing hands at 405 on the black market on Tuesday.
Source: Reuters