Mixed trends trail Nigerian markets
Funding rates to hover around current levels next week barring any significant flows.
Funding rates to hover around current levels next week barring any significant flows.
The Naira has appreciated to N386.94 against the US dollar at the Investor and Exporters (I&E) window.
Naira depreciates to N410 per dollar as local currency weakens
Speculators strike as exchange rate falls to N366/$1, stocks lose another N1 trillion.
A CBN report has revealed that the serving of domestic debt instruments cost the Federal Government a whopping N1.799 trillion ...
The Central Bank of Nigeria (CBN)stabilized the Naira in 2018 by injecting $39.9 billion into the foreign exchange market (Forex). This ...
The Central Bank of Nigeria (CBN) has refuted report that the Apex bank is behind unknown agents taking advantage of ...
At the parallel market, the cash rates depreciated by 10k to N359.80/$, while the transfer rate remained unchanged at N362.00/$.
We expect continued interventions by the CBN to pressure rates higher towards weekend.
CBN has injected the sum of $210 million into the inter-bank foreign exchange (forex) market.
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