The Central Bank of Nigeria (CBN) ended the week with a fresh dollar intervention at the interbank market worth $100 million, while banks were unable to pick them all. The development showed a surplus dollar position in the banks, particularly for the retail segment- personal business travel allowance, medical tourism and school fees, among others.
Specifically, while the banks had earlier made bids worth $91 million, CBN on its part offered $100 million and the lenders ended up picking $81.35 million, leaving about $18 million for the apex bank.
