Money Market

THE naira exchanged at N473/$ at the parallel market on Monday, after trading at N477/$1 last week. At the Investors & Exporters forex window, the naira hit a high of N422/$ before closing …

THE exchange rate between the naira and the dollar depreciated closing at N404.67/$1 at the NAFEX (I&E Window) where forex is traded officially. Naira closed against the US Dollar at …

FOREIGN Portfolio Investments (FPI) will remain sideway until the Central Bank of Nigeria is able to ramp up intervention sales or devalue naira to market clearing level, says Tellimer, an …

FALTERING consumers demand explained the recent purchasing managers index (PMI) readings which stood below 50 index points, CSL Stockbroker, a wholly owned subsidiary of FCMB group has noted. According to …

NIGERIA’s local currency, Naira, was stable across foreign exchange market this week amidst monetary policy rate cut by the apex bank. The Central Bank of Nigeria sold $100 million through …

A SLEW of investment analysts is unimpressed with the recent monetary policy rate cut, say structural weakness in the economy needs to be addressed. Many investment banking firms stated in …

FOLLOWING the Monetary Policy Committee’s decision to lower the discount window rates, the Central Bank of Nigeria will begin to borrow from deposits money banks at 4.5% while lending to …

FIXED income investors are expected to shift attention to the Debt Management Office bond auction this week as analysts stated expectation of a neutral position as the monetary policy committee (MPC) meeting …

Against expectation, the Nigerian local currency, naira, depreciates despite the resumption of the apex bank weekly intervention foreign currency (FX) sales. In the week, Brent crude oil price declined 9.5% …

The restart of foreign exchange sales by the Central Bank of Nigeria (CBN) to Bureaux De Change (BDCs) on Monday is anticipated to strengthen the naira against the dollar, according …