LAGOS, June 21 (Reuters) – Nigeria’s central bank intervened for a second day on Tuesday to sell U.S. dollars into the interbank market after floating the naira failed to attract trading between banks due to liquidity concerns, traders said.
A total of $31 million, sold between 282 and 285, was done around 1200 GMT, which traders said was intervention by the central bank. The interbank market quoted total traded volumes of $73 million on Tuesday.
The naira firmed to 281 after the dollar sales, recovering from a low of 287 it touched earlier, but it was quoted at 284 around market close. (Reporting by Chijioke Ohuocha Editing by Jeremy Gaunt)
http://www.fxmallam.com/wp-content/uploads/2016/09/LogoScopic.jpg00adminhttp://www.fxmallam.com/wp-content/uploads/2016/09/LogoScopic.jpgadmin2016-06-21 13:37:402016-06-21 13:37:40CBN sells dollars for second day after FX float - Reuters