Nigeria

Nigeria’s central bank engaged in FX transactions, selling USD 67.5 mln to 27 authorized dealers and buying USD 2.5 mln from one dealer at rates between 1,480 and 1,500 naira per dollar on July 10. On Friday, it sold USD 55.2 mln at 1,540 naira per USD to 19 dealers. These transactions are part of the central bank’s efforts to promote market stability and improve liquidity through spot sales.