Nigeria investors cautious ahead of next week’s bonds PMA
02 February 2019 |
5:41 am
The Central Bank of Nigeria conducted OMO auctions every day this week. Olawale Hamed, Currency Trader at UBA joins CNBC Africa to review activities in Nigeria’s fixed income and forex market this week.
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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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The Central Bank of Nigeria says changes effected in the revised Foreign Exchange Manual will take effect today, as the apex bank moves to enhance transparency of transactions and streamline documentation requirements for FX transactions.
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Nigeria's FX reserves rose by 6.4 million dollars to 43.05 billion naira between the 17th of December to the 9th of January; Deinma Iyagba, Currency trader at UBA joins CNBC Africa to recap activities at the fixed income and FX markets this week.
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