Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


CBN sells N3.5bn forex at WDAS

26 July 2012, 10:08

Abuja -  The Central Bank of Nigeria (CBN) said it sold 217 million dollars (N3.5 billion) worth of foreign exchange at its 57th bi-monthly Wholesale Dutch Auction System (WDAS) on Wednesday.

The information was released on its website on Wednesday.

The bank said the volume of the foreign exchange sold dropped by 83 million dollars (N1.3 billion) against 300 million dollars sold on July 23.

Some of the dealers said that CBN reduced the sale to 217 million dollars (N3.5 billion) in line with the downward review of the net open foreign exchange position to control the influx of forex in the system.

The naira appreciated against the dollar at the auction, trading at N155.84 to a dollar compared with N155.89 to a dollar at the auction on July 23.

15 banks participated at the bi-weekly WDAS auction against 19 banks that traded on July 23.


Tags cbn

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...