Tracking market movements in Nigeria’s money market
16 August 2019 |
1:10 pm
The Central Bank of Nigeria (CBN) offered 150 billion naira in today’s OMO auction. To discuss this and other stories likely to impact Nigeria’s money market, Nnamdi Nwizu, Co-Managing Partner at Commercio Partners joins CNBC Africa for more.
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Here is why you should pick a copy of The Guardian on Saturday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on Saturday.
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The Senate has given a speedy approval for President Muhammadu Buhari to borrow N850 billion for the government.
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Here is why you should pick up a copy of The Guardian on Monday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on Monday.
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No doubt Nigeria's currency has come under pressure in recent months; the Central Bank of Nigeria says it is working towards the gradual unification of exchange rates. But what does the CBN's recent move in asking lenders to bid for dollars at 5 per cent above the official rate mean for the markets going forward? Victor Aluyi, Head of Portfolio Management at Comercio Partners joins CNBC Africa for more.
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Property worth Millions of Naira destroyed as flood hits Zamfara
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West Africa's aspirations for a single currency hit a setback after its leaders met in Niamey for a one-day summit earlier this week and passed a resolution to delay the proposed adoption until all critical issues are resolved.
18 Nov 2020
Nigeria’s bond market traded with bearish undertone as players reacted to the bond auction calendar for the 4th quarter, and the circular by the National Pension Commission where the commission said it had concluded arrangement for the take-off of the RSA transfers. Adamma Mbachu, Team Lead of Currency Trading at Access bank speaks to CNBC Africa for more.
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Nigeria’s bond market traded with bearish undertone as players reacted to the bond auction calendar for the 4th quarter, and the circular by the National Pension Commission where the commission said it had concluded arrangement for the take-off of the RSA transfers. Adamma Mbachu, Team Lead of Currency Trading at Access bank speaks to CNBC Africa for more.
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Nigeria’s antinarcotics agency, the NDLEA, appears to have been invigorated by the appointment of Mohammed Buba Marwa as its new chief executive, as the agency has made multiple drug busts and seized narcotics worth over ₦60 billion in the past month.
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