LAGOS Feb 27 Nigeria's central bank said on
Monday it will auction $100 million in forward contracts after
selling the U.S. currency last week to boost dollar liquidity
and help close the gap between the official and black market
The bank sold $370 million in 60-day contracts last Monday
while the result of another $230 million forward auction held
last week is yet to be released.
The naira traded at around 305.50 on the interbank market
after the bank intervened with $1.5 million on Monday. On the
black market, the currency was quoted at 460 per dollar.
(Reporting by Chijioke Ohuocha and Oludare Mayowa; Editing by