Culled—Proshare May 7, 2019/CBN The interbank segment of the Foreign Exchange Market has received a boost of $205 million from the Central Bank of Nigeria (CBN) following the sales concluded on Tuesday, May 7, 2019. Figures obtained from the CBN indicated that authorized dealers in the wholesale segment of the […]
Money Market
Money Market Rate Fell Significantly As The OVN and OBB Fell To 5.93% and 5.29% From 17.29% and 16.4
Culled—Proshare May 6, 2019/Anchoria AM Research Money Market The money market rate fell significantly last week as the Overnight rate (OVN) and Open Buy Back (OBB) fell to 5.93% and 5.29% from 17.29% and 16.43% respectively. Consequently, the average money market rate fell by 11.25% to settle at 5.61%. Major […]
CBN Intervenes With $271.83m, CNY41.14m In Retail SMIS
…Wholesale, SMEs, Invisibles get $205m Culled—Proshare May 3, 2019 The Central Bank of Nigeria (CBN), on Friday, May 3, 2019 made interventions in the Retail Secondary Market Intervention Sales (SMIS) of the Foreign Exchange market totaling $271.83million and CNY41.14million. The Director, Corporate Communications at the Bank, Mr. Isaac Okorafor also […]
