Cbn sells 210m as naira closes at 363 dollar #comments
It appears that the Central Bank of Nigeria (CBN) sold $210 million to the market, and the naira closed at a rate of 363 per dollar.
Here's a breakdown of the information:
- CBN sold: $210 million
- Naira rate: 363 per dollar
This means that the CBN sold a total of $210 million to the market, and the naira was valued at 363 per dollar. This is likely a reference to the official exchange rate set by the CBN, which is used to guide the value of the naira against other currencies.
It's worth noting that the official exchange rate may not reflect the actual market rate, which can be influenced by a variety of factors such as supply and demand, economic conditions, and government policies.