Browsing: Foreign Exchange
Naira, the Nigerian local currency, regained balance in what appears like a recovery from a downturn in the foreign exchange
The organic portion of the external reserves rise to $16.3 billion in the second quarter of 2020
Foreign Exchange rates convergence seeks by the Central Bank of Nigeria
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.
Substantial Naira Devaluation Inevitable to Unlock FX Liquidity –CHD. As the Central Bank of Nigeria’s planned foreign exchange (FX) intervention sales set to commence, Chapel Hill Denham has said that substantial naira devaluation is inevitable to unlock liquidity.
Parallel Market Rate Breaks Resistance as USD Exchange for ₦480 Naira depreciates further in the foreign exchange market Tuesday traded…
Naira Repricing Likely as Weak FPI Appetite for OMO Bills Worsen FX Outlook. Naira repricing is more likely as weak foreign portfolio investors (FPI) appetite for Open Market Operations (OMO) bills would worsen currency outlook, Cardinalstone, a multi-assets investment management firm stated this in
Maize: CBN tells Authorised Dealers to Stop Processing Form M
Foreign Exchange Inflows into IEW Drops Strongly in Q2. Foreign exchange accretion into the Importers and Exporters Window went southward in the second quarter of 2020.
‘FX Scarcity, Supply Chain Disruption Support Rising Inflation’. Analysts have explained the trend behind rising headline inflation rate to include scarcity of foreign exchange, disruption in supply chain among other reasons.