The Central Bank of Nigeria says it has sold over $200 million  to 16 banks through the interbank foreign exchange market.
The apex bank said that the move was to enable the banks meet demand for basic transport allowance, school fees and medicals by customers and to ease the stress of genuine customers in obtaining foreign currencies.
The bank said 10 banks accessed over $162 million at a qualified bid for the United States dollars, ranging between N333 to N360 on a 30 day tenour.