Forex cbn provides 370 9 to 23 banks

It seems like you're referring to the Central Bank of Nigeria (CBN) providing foreign exchange (forex) to commercial banks in Nigeria.

According to the CBN's website, the bank provides foreign exchange to commercial banks through various channels, including:

1. Wholesale Forward Market (WFM): This is a market-based mechanism where the CBN provides foreign exchange to banks at a fixed rate for a specific period, usually 1-3 months.
2. Retail Foreign Exchange Market (RFEM): This is a market-based mechanism where the CBN provides foreign exchange to banks at a floating rate, which is determined by market forces.
3. Special Intervention Program (SIP): This is a program designed to provide foreign exchange to banks at a fixed rate for specific purposes, such as importing essential commodities.

As of 2022, the CBN provides foreign exchange to commercial banks at a rate of N370 to $1, which is the official exchange rate. This rate is used for wholesale transactions, while retail transactions are conducted at a floating rate, which is usually higher than the official rate.

It's worth noting that the CBN also provides foreign exchange to banks through other channels, such as the Nigerian Autonomous Foreign Exchange Fixing (NAFEX) window, which is a market-based mechanism that allows banks to buy and sell foreign exchange at a floating rate.

In summary, the CBN provides foreign exchange to commercial banks in Nigeria through various channels, including the WFM, RFEM, SIP, and NAFEX window, at a rate of N370 to $1, which is the official exchange rate.