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Tag: Naira-Settled Over-the-Counter

16 banks fund $220m with N72b at Forex forwards

With N72 billion, 16 banks funded $220 million Central Bank of Nigeria (CBN) allocations under the Forex Forwards policy meant to stabilise the naira, it was learnt yesterday. Banks are calling for bids from retail end-users in preparation for the business travel allowances, school fees...