27 C
Lagos, South Africa and New York
Sunday, August 9, 2020

Naira Loses Value against USD, Rises to N362.75/USD at I&E FX Window…

In the just concluded week, NGN/USD rate rose (i.e. Naira depreciated) at the Investors and Exporters FX Window (I&E FXW) by 0.25% to close at N362.75/USD as the external reserves fell marginally by 0.23% w-o-w to USD38.23 billion. However, Naira was flattish against the...

Bond markets are flashing red and an oil plunge could only make things worse: Analysts

Investors wary as outlook for economic growth looks weak and uncertainty persists around the U.S.-China trade war. Any drop in oil price would be a worrying development for credit investors. Stock markets have been gripped with fear this...

Nigeria’s central bank to sell N821.8 bn Treasury Bills in Q3’20

The Central Bank of Nigeria, CBN, has slated Treasury Bills, TBs, sales worth N821.8 billion in the third quarter 2020, Q3’20. This is contained in the apex bank’s latest Nigeria Treasury Bills Issue programme released yesterday. Treasury Bills are short term (less than...

FOREX: CBN opens week with $195m intervention

ABUJA – The Central Bank of Nigeria (CBN) on Monday, July 31, 2017, offered $100 million in wholesale auction at the inter-bank Foreign Exchange market and intervened in the Small and Medium Enterprises (SMEs) and invisible segments, with the sum of $50 million and...

CBN injects $210 mln into forex market to alleviate dollar shortages

ABUJA, July 3 - Nigeria’s central bank said on Tuesday it had injected $210 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages. The bank said in a statement it had released $100 million earmarked for the wholesale...

Nigeria ranks in $4 billion through Export/Investors FX Window – CBN

The Export and Investors Window of the Foreign Exchange (FX) market has raked in $4 billion since it was created by the central Bank of Nigeria, (CBN), in May. This was announced by the Bankers’ Committee, at the end of its meeting in Abuja,...

WEEKAHEAD-AFRICA-FX-Ghana’s Cedi seen on back foot, other African currencies stable

ACCRA, March 1 (Reuters) - Ghana’s cedi may come under pressure next week but other African currencies are likely to remain stable. GHANA SPONSORED STORIES The cedi could slip next week on an expected surge in dollar demand as businesses mobilise forex to settle end-of-quarter bills, an...

CBN lifts Forex market with $195m

The Central Bank of Nigeria (CBN), on Wednesday, the first day of transaction after the Eid-el-Fitr celebration, intervened in various segments of the inter-bank market to the tune of $195m. A breakdown of Wednesday’s intervention indicates that authorized dealers in the wholesale window segment...

Nigeria bond yields rise 50 bps across board to five month high -traders

LAGOS, Feb 7 - Nigerian bond yields rose 50 basis points across maturities on Wednesday to a level last seen five months ago, traders said. Investors, worried that rising global inflation could trigger a rate hike in developed economies and lead to a capital flight...

Nigeria central bank injects $210 mln into currency market

ABUJA, Jan 29 - Nigeria’s central bank said on Monday it had injected $210 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages. The bank said in a statement it had released $100 million earmarked for the wholesale...
WP to LinkedIn Auto Publish Powered By : XYZScripts.com
Open chat
Send us your story