Nigeria’s Naira Plunges Across FX Markets on Sustained Dollar Scarcity, Heightened Demand….
Heightened demand for the dollar sustained its pressure on the Naira following Nigerian banks’ resolve to ration FX spending limit for customers as well as the unavailabilty of new banknotes following the rollouts of the newly redesigned naira by the apex bank.
Stop Rates Drop Further on Sustained Demand Pressure…
In the just concluded week, CBN auctioned Treasury bills worth N67.44 billion via the primary market.
In line with our expectation, stop rates for...
Naira Skids Further at I&E FX Market on Demand Pressure, Year-End Activities…
This week in the foreign exchange market, it was a mixed bargain of activities for currency traders and speculators ahead of the year-end seasonality.
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NITTY Moderates for Most Maturities Tracked on Higher Demand
In the just concluded week, activities in the primary market remained quiet as CBN did not offer T-bills for sale to refinance the maturing...
Naira Skids Further on Demand Pressure Amidst Expectations of New CBN Banknotes…
This week in the foreign exchange market, it was a mixed bargain of activities for currency traders and speculators ahead of the year-end seasonality...
