CBN to auction n34.4bn T-Bills

Nigeria's May inflation figures grew by 11.40 per cent year-on-year from 11.37 per cent in April. Chioma Udu, Forex Dealer at GT Bank joins me to discuss this and other stories impacting Nigeria’s fixed income and forex market so far this week.

President Muhammadu Buhari has directed the Central bank of Nigeria to stop providing foreign exchange for importation of food into the country.

The Central Bank of Nigeria (CBN) will offer n34.4 bn naira worth of T-bills in today’s auction. To discuss expectations for the auction and an outlook on this week’s trading at Nigeria’s money market, Bosun Obembe, Forex and Derivatives Trader at Access Bank joins CNBC Africa for more.

Experts advise Nigerians to tap into trillion-dollar forex market

What Emefiele said about Buhari's forex ban on food imports

More activity is driven by the liquidity of T-bills: Nigerian FX markets

The Central Bank of Nigeria (CBN) and commercial banks in the country came under fire yesterday over disparities in deposit and lending rates obtainable in their offices. The upper legislative chamber lamented that interest rate on loans operated by commercial banks and approved by the CBN remained one of the highest in the world.

Traders at Nigeria’s forex market say they are anticipating a bi-weekly retail forex auction today. Femi Ogundimu, Fixed Income Trader at Access Bank joins CNBC Africa for a preview of today’s trading session at the money market here in Nigeria.

Protesters in the UK have pulled down a statue of a slave trader during a demonstration in honor of George Floyd. Since Black Lives Matter protests began, controversial statues have come down in cities around the globe.

Anti-racism protesters in Bristol, England, are seen tearing down a statue of slave trader Edward Colston and throwing it into Bristol harbour. Protesters tie the bronze statue of the 17th-century slave trader with rope and pulled it down amid cheers from the crowd.

Nigeria’s Debt Management Office is expected to roll over 154 billion naira at today’s Treasury Bills Auction. Traders at Access Bank say they expect strong demand for the maturities on offer. Gbenga Sonaike, Team Member of Treasury at Access banks discusses the details with CNBC Africa.

In October, the Central Bank of Nigeria launched the hugely-anticipated eNaira, joining the small league of countries to own their digital currency. But it hasn’t been smooth sailing for the currency that, according to the CBN, offers more possibilities. What do you think about the eNaira? How would you describe your experience with the eNaira app?