LAGOS, March 14 Nigeria's central bank said on
Tuesday it will sell $150 million in currency forwards on the
interbank market through commercial lenders.
The central bank, which has been intervening on the official
currency market over the past two weeks, told lenders that
Tuesday's sale will be settled within 60 days.
The naira fell to 306 per dollar on Monday from the
305.50 level it has traded since last year after a central bank
intervention on the spot market. The currency was
quoted at 455 per dollar on the black market on Tuesday.
(Reporting by Oludare Mayowa; Writing by Chijioke Ohuocha;
Editing by Robin Pomeroy)