Nigeria central bank floods forex market with dollars
Nigeria's Central Bank continues to flood the foreign exchange market with dollars. Yesterday the apex bank sold 483 million dollars to improve dollar liquidity.
Nigeria economic outlook
Nigeria's central bank on Tuesday sold 25 million US dollars at the newly introduced FX window for investors & exporters. Meanwhile, Godwin Emefiele says the present economic recession in the country would be over by the third quarter.
Saudi banks face liquidity crunch
Monica Malik, chief economist at Abu Dhabi Commercial Bank, discusses the influx of $4B in short-term loans to banks by the central bank, the stresses in the Saudi banking system and the prospect for further measures.
Profit taking pushes Nigeria's equities to marginal decline
The Nigerian All Share Index closed down in yesterday's session. The negative performance was broadly driven by profit taking as expectations of the Central Bank's announcement on a flexible exchange rate policy stifled momentum.