Browsing: CBN

Market to Trade Cagily as Investors Await Triggers for Yields Repricing. Analysts at Chapel Hill Denham Limited have said that the fixed income market will continue to trade cautiously as investors await triggers for potential downward or upward repricing of yields.

Naira Gains as Traders Reduce FX Exposure ahead of CBN Auction. Naira appreciates Tuesday as currency traders reduce exposures ahead of the Central Bank of Nigeria weekly intervention sales resumption starting on September 07, 2020.

Naira: Analysts Anticipate FX Convergence as CBN Boosts Liquidity. There have been moves by the Central Bank of Nigeria (CBN) to boost foreign exchange liquidity, and analysts have started projecting some sorts of convergence in rates.

Polaris Bank announces Innocent Ike as Acting MD/CEO. The Board of Polaris Bank Limited and Asset Management Corporation of Nigeria (AMCON), the Bank’s shareholder, has announced the appointment of Mr. Innocent Ike, as the Acting Managing Director/CEO of Polaris Bank Limited, effective Sept. 1.

NSE to Remain Positive amid Tier-1 Banks Earnings Releases

Naira Remains Resilient as CBN Sets to Resume FX Sales to BDCs. Nigeria’s local currency, Naira, maintained strong position this week amidst the apex bank plan to resume its weekly intervention sales.

CBN Moves against Non-Repatriation of Exporters’ FX Proceeds. The Central Bank of Nigeria (CBN) has directed all banks in the country to submit the names, addresses and Bank Verification Numbers (BVN) of exporters that have defaulted in repatriating their exports proceeds for further action.

Resumption of International Flight to Herald FX Sales to BDCs. Analysts at United Capital have noted that resumption of international flight is likely to herald foreign exchange sales to the Bureau De Change (BDCs).

Interbank funding rates dropped to single digits today as funding pressures eased substantially, thanks to open market operations (OMO) maturities totaling N180.6 billion that hit the system.

FMDQ Turnover Jumps 13.66% to ₦18.72 trillion in July FMDQ Securities Exchange has posted 13.66 % turnover growth in the…