Saturday, September 19, 2020
MARKET UPDATE
Advertisement

TheCable

Advertisement

Tag "FX"

Naira rates converging at parallel, official markets as CBN pumps fresh $413.5m

    Naira rates converging at parallel, official markets as CBN pumps fresh $413.5m

The rates of the Nigerian naira at the parallel market is gradually closing in on the official rates set by the Central Bank of Nigeria (CBN) as the bank pumps

0 comment Read Full Article

Despite surge in forex reserves, naira closes week at 405/$1

    Despite surge in forex reserves, naira closes week at 405/$1

The Nigerian naira closed trading for the first week in April 2017 at 405 to the greenback at the parallel market, despite surge in foreign exchange reserves. On Monday,  the

0 comment Read Full Article

CBN pumps $100m into FX market as reserves rise again

    CBN pumps $100m into FX market as reserves rise again

The Central Bank of Nigeria (CBN) offered the sum of $100 million to authorized dealers at the forex auction in the interbank wholesale window, as foreign reserves return to winning

0 comment Read Full Article

IMF wants naira to trade between 335/366 as FX inflow falls from $39bn to $14bn

    IMF wants naira to trade between 335/366 as FX inflow falls from $39bn to $14bn

The International Monetary Fund (IMF) is favourably disposed to the position of Bismarck Rewane, CEO of Financial Derivatives, that the naira be allowed to depreciate below 305/$1. Rewane had suggested

0 comment Read Full Article

CBN injects $240m into FX market, to credit BDCs weekly

  CBN injects $240m into FX market, to credit BDCs weekly

The Central Bank of Nigeria (CBN) on Monday flooded the foreign exchange market with $240 million to meet effective demand.

0 comment Read Full Article