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View Full Version : Nigeria Sells $16.6 Million at the Nation's First Currency Forward Auction - Bloomber



NewsWhore
03-24-2011, 06:41 AM
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Nigeria Sells $16.6 Million at the Nation&#39;s First Currency Forward Auction (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHEJMgm6g7sfVUnsF10sG05P3OZJQ&url=http://www.bloomberg.com/news/2011-03-24/nigeria-sells-16-6-million-at-the-nation-s-first-currency-forward-auction.html)
Bloomberg
15, and the bank sold currency at a weighted average rate of 151.31 naira per dollar. Ten banks had successful bids. â??The poor response at the foreign-exchange forward auction is the result of low awareness about it,â?? Adedayo Idowu, a research analyst ...

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