Culled—Proshare March 13, 2020 By Zedcrest Capital FGN Bonds The Bonds Market maintained its bearish trend, as offers continued to improve across the bond curve. The significant drop, to already depressed crude oil prices fueled more sell-off by market players, especially on the mid-(2029s) to long-end (2049s) of the curve. […]
Money Market
CBN Says Market Fundamentals Not Supporting Naira Devaluation
March 13, 2020/CBN The Central bank of Nigeria (CBN) wishes to note with displeasure, the rumours and speculative activities of unscrupulous players in the foreign exchange market, borne out of the impression that the CBN is on the verge of devaluing the Naira, and triggering panic in the FX […]
Naira crashes in value, dollar sells for N420
Culled—Punch March 13, 2020 …CBN fines 100 BDCs over N5m each Nike Popoola On Thursday, the naira exchanged between N405 and N420 to a dollar in the Bureau De Change segment of the market. The President, Association of Bureaux De Change Operators of Nigeria, Aminu Gwadabe, said the crude oil […]
