June 16, 2021/Coronation Research Coronation Research Bitcoin has taken the world by storm over the past year, but Nigerians were alert to the opportunities early on, and data suggests that they are among the most active Bitcoin traders in the world. At the same time, numerous central banks take a […]
Money Market
Naira Depreciates -0.2%, Sells N505/USD at the Black Market
The naira depreciated at the I&E window and parallel market by 0.2% to NGN411.75/USD and 0.6% to NGN505.00 respectively. June 15, 2021/Cordros Report EQUITIES Trading at the domestic equities market opened the week on a sour note, as late sell offs on AIRTELAFRI (-10.0%) underpinned a 1.7% decline in the […]
Foreign Exchange (FX) Market Analysis for Week Ended June 11, 2021
June 14, 2021/Proshare by FMDQ Below is the commentary on the Foreign Exchange (FX) market with data for the week-ended June 11, 2021. The table following the commentary compares Spot FX weekly turnover for trades between banks (FMDQ Dealing Member (Banks) [DMBs]/Authorised Dealers) and their clients for the week ended June 4 […]
