By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said on Friday it plans to raise about N1.22 trillion ($6.61 billion) in treasury bills in the first quarter (Q1) of 2015. According to the CBN in an issuance calendar, it plans to issue N230.88 billion naira worth of […]
Money Market
Nigerian central bank intervenes to prop up sliding naira
Thu Dec 18, 2014/Reuters * Naira hits another low after failed c.bank dollar curbs * Direct intervention triggers small recovery * Currency down more than 12 pct in last three months (Releads with central bank intervention) Nigeria’s central bank intervened again to prop up the naira on Thursday after its […]
CBN Direct Dealers to Review Downward to 0% FOREX Trading Position
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigerian (CBN) on Wednesday directed authorised dealers to temporarily review downward to zero percent from one percent of their shareholder’s funds as foreign exchange trading position at the close of each business day. This is contained in a CBN’s circular with […]
