More activity is driven by the liquidity of T-bills: Nigerian FX markets
By CNBC
17 November 2019 |
8:04 am
More activity is driven by the liquidity of T-bills: Nigerian FX markets
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As players in Nigeria's fixed income space await the results of today's primary market auction, the Central Bank of Nigeria boosted liquidity in the foreign exchange space with the sale of 210 million dollars.
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Traders say Federal Account Allocation Committee (FAAC) inflows valued at 320 billion naira bolstered market liquidity in Nigeria’s Money Market as the Central Bank of Nigeria auctioned T-bills worth 89 billion naira on Wednesday. Nnamdi Olisaeloka, Fixed Income, Currencies and Commodities Analyst at Zedcrest Capital joins CNBC Africa for more.
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Traders say liquidity in Nigeria’s money market improved on Thursday on the back of an Open Market Operation (OMO) maturity inflow of about N396 bn. For a review of the trading session at Nigeria’s fixed income and Forex market Constance Onyia, Fixed Income Dealer at Access Bank joins CNBC Africa for more.
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17 Nov 2019
More activity is driven by the liquidity of T-bills: Nigerian FX markets
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As liquidity concerns remain on the front burner in Nigeria’s Power Sector – to explore latest concerns within the sector and their implications for GENCOs in Nigeria, Joy Ogaji, Executive Secretary of the Association of Power Generation Companies joins CNBC Africa.
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Chapel Hill says the directive by Central Bank of Nigeria (CBN) limiting individuals and local corporates from participating in Open Market Operations (OMO) Auctions, is an indication that the Apex Bank is ready to begin to roll back its balance sheet expansion, flatten or reduce the pace of growth. For a focus on Nigeria’s equities market, Macro and Fixed Income Analyst at Chapel Hill Denham, Omotola Abimbola joins CNBC Africa for more.
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