Feb 12, 2015/CBN Barely a week after it disbursed the sum of N18.26 billion to the first batch of beneficiaries of the N 213 Billion Nigeria Electricity Market Stabilization Facility (NEMSF), the Central Bank of Nigeria, on Wednesday, February 11, 2015, disbursed another sum of N39.53 billion to the second […]
Money Market
Interbank Market Closed Again on Naira Crumble
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria on Thursday shut down the interbank market for the second consecutive day as the naira continued to crumble due to falling oil prices, postponement of Feb. 14 elections and an Islamist insurgency. A Reuters report said shortly after triggering a self-imposed ‘circuit-breaker’ agreed among […]
Nigeria shuts down the Interbank Market – Naira oversold at N205/$1
February 11, 2015/Proshare News & Investigations Here are key developments from the Nigerian financial markets at this time: • Naira oversold, CBN seeks to intervene • Naira hits N205 – $1, reaches upper limit of its circuit breaker • Traders in emergency meeting • Hope to […]
