parallel market

Naira strengthens further

The interventions by the Central Bank of Nigeria has significantly improved the convergence between the official and parallel market rates, as the naira continues to firm at the parallel market.…
7 years ago

Nigeria’s T-bills down 11%

Nigeria's overnight interbank rates were down on Friday to 11 per cent after the Central Bank of Nigeria repaid matured treasury bills and cash meant for capital projects.…
8 years ago

Nigeria overnight rate hits 150%

Nigeria's overnight interbank rate was quoted at a record high of 150 percent on Tuesday, two days after lenders placed funds with the central bank to participate in last Friday's currency forward…
8 years ago

Naira remains under pressure

While the naira/dollar rate remains pegged in the official market, the exchange rate has been volatile in the parallel market. Dollar supply remains weak amid speculation that the central bank is considering…
8 years ago

Naira remains under pressure

While the naira/dollar rate remains pegged in the official market, the exchange rate has been volatile in the parallel market. Dollar supply remains weak amid speculation that the central bank is considering…
8 years ago