CBN Sells $536M as Naira closes at 363/dollar

The naira closed at 363 per United States dollar at the parallel market on Monday despite the sale of the sum of $536m on Friday and Monday by the Central Bank of Nigeria.
The naira closed at 363/dollar on Friday.
Specifically, the central bank intervened in the inter-bank foreign exchange market with the sum of $210m to meet customers’ requests in various segments of the market on Monday.
The bank’s Acting Director, Corporate Communications, Mr. Isaac Okorafor, assured Nigerians that the bank would continue to intervene in the interbank foreign exchange market, in line with its pledge to sustain liquidity in the market and maintain stability.