Naira depreciates by 0.54% at parallel market
The Naira depreciated in the parallel market by 0.54 per cent to close at 370 to the dollar and in the interbank forex market by 0.02 per cent to close at 305 against the greenback.
CBN Asks SMEs To Name Banks Frustrating FOREX Reforms
CBN Asks SMEs To Name Banks Frustrating FOREX Reforms.
How will Nigeria's forex policy affect investment?
The Central Bank of Nigeria has pledged to defend its current foreign exchange policy and the apex bank pumped a fresh 240 million dollars in the forex market on Monday.
Nigeria stocks start week in negative
Nigeria's bourse closed negative on Monday, as investors took profit from a number of counters. Meanwhile, the Central Bank of Nigeria on Monday disbursed a total of 240 million dollars to retail end-users and authorised forex dealers.
CBN to meet bureau de change operators on forex stability
Nigeria's Central Bank plans to meet bureau de change operators today to explore ways to eliminate the gap between the official and parallel market dollar rates.
Nigeria issues N100bn OMO T-bills
Nigeria's central bank last week stepped up its efforts to mop up liquidity in the banking system by issuing over N100 billion OMO T-bills two weeks before the November monetary policy committee meeting.
How much of a game changer is Nigeria's new Forex policy?
It's been an eventful week for markets in Nigeria. The new Forex policy announced by the central bank sparked a rally at the equities market, while also boosting sentiment at the bond and treasury bills market.
Nigerian traders expect market to remain bearish
Traders say market indicators are pointing to a further increase in bearish sentiments. Lekan Olabisi, Forex dealer at GT Bank, joins CNBC Africa to review the fixed income and forex markets.