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All posts tagged "auction system"

  • CBN resumes direct intervention to save naira

    In a bid to save the naira, the Central Bank of Nigeria has resumed direct intervention by selling dollars to end users in the market. Our correspondent gathered on Thursday that the regulator took the decision in...

    • Posted September 28, 2013
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  • Naira remains firm against dollar at Forex market

    The naira remained firm against the U.S. dollar at the Wholesale Dutch Auction System (WDAS) conducted on Monday by the Central Bank of Nigeria (CBN). The naira was traded at N155.76 to the dollar, the same rate...

    • Posted September 23, 2013
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  • CBN sells forex worth $258.5m

    The Central Bank of Nigeria on Monday sold $258.5m (N40.06bn) worth of foreign exchange at its bi-weekly Wholesale Dutch Auction System. The News Agency of Nigeria reported that the CBN sold $263.67m at the previous WDAS on August 28....

    • Posted September 4, 2013
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  • CBN sells $500m to stabilise Naira

    Central Bank of Nigeria, CBN, yesterday sold $500 million at the bi-weekly foreign exchange auction to forestall depreciation of the naira. The amount sold represents 66 percent increase when compared to $300 million sold per previous foreign...

    • Posted June 25, 2013
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  • Naira records highest gain in 18 months

    The naira recorded its highest gain in 18 months on Monday, snapping four days of decline as the Central Bank of Nigeria sold $300m in its Wholesale Dutch Auction System market. The currency strengthened by 1.6 per...

    • Posted June 18, 2013
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  • Naira remains firm against dollar at WDAS

    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...

    • Posted April 25, 2013
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