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The Central Bank of Nigeria (CBN) sold a total of US$8,287.52 million at the foreign exchange market in the first half of 2019, according to half year activity report by the Central Bank of Nigeria (CBN) released on Monday.
This comprised US$2,142.63 million at the Inter-bank spot, US$550.70 million for Invisibles, US$810.00 million for SMEs, US$212.11 million at the I&E window and US$4,572.03 million as Forwards sales. On the other hand, the Bank purchased US$9,368.92 million at the inter-bank segment, hence a net purchase of US$1,081.40 million by the Bank. At the Forwards segment, the sum of US$4,979.46 million matured, while US$2,552.01 million was outstanding at end-June 2019.
In the corresponding period of 2018, US$9,499.91 million was sold at the Inter-bank segment, comprising US$1,546.43 million at the Inter-bank spot, US$768.70 million for Invisibles, US$637.00 million for SMEs, US$1,236.69 million at the I & E window and $5,311.09 million as Forwards sales. The Bank purchased US$6,436.47 million at the inter-bank segment, resulting in a net sale of US$3,063.44 million.
The sum of US$5,681.77 million matured at the Forwards segment, while US$1,469.04 million was outstanding at end-June 2018.
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