US dollar may drop to N400 as CBN pumps another $221m

27 February 2017, Lagos — As part of efforts to sustain its defence of the naira, the Central Bank of Nigeria (CBN) on Thursday sold $221,371,218.04 to banks in its second special wholesale intervention forwards since the new foreign exchange (FX) policy actions were announced a week ago. A breakdown of the amount sold by […] More »