Thu Mar 5, 2015/Reuters Nigeria’s central bank has fixed the rate at which banks can buy dollars from oil companies at not more than 2 naira spread to its clearing rate, dealers said, its latest attempt to prop up the currency hit by the drop in oil prices. The naira […]
Money Market
X-Raying the Implications of CBN’s Closure of rDAS//wDAS on the Economy
March 05, 2015/The Will Late February, the Central Bank of Nigeria CBN closed two public auction structures popularly known as Retail Dutch Auction System rDAS and Wholesale Dutch Auction System wDAS. In a statement signed by its Director, Corporate Communications Department, Mr. Ibrahim Muazu, it listed some unprincipled market behavior […]
CBN Offers 9% Interest Rate Per Annum on N300 Billion Real Sector Support Facility
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said on Wednesday it’s offering nine (9) percent interest rate per annum on the newly established N300 billion Real Sector Support Facility (RSSF), according to guidelines released. The CBN said the nine (9) percent per annum is payable on […]
