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Naira remains firm against dollar at WDAS

By on April 25, 2013

The Naira on Wednesday remained firm against the dollar at the Central Bank of Nigeria (CBN’s) biweekly Wholesale Dutch Auction System (WDAS).

The apex bank disclosed this on its Website after the conclusion of the auction.

It sold 272.52 million dollars worth of foreign exchange to banks at the rate of N155.75 to the dollar at the auction.

The CBN had sold Naira to a dollar at the rate of N155.75 at the previous auction on Monday.

Nineteen banks participated at the auction, as against the seven that took part in the bidding at Monday’s auction.



[Daily Times]