6/6/2017/CBN The Central Bank of Nigeria (CBN), in its efforts to further develop the Nigerian FX market, continues to embark on initiatives that serve to improve the FX market structure. Consequently, further to the CBN Circular referenced FMD/DIR/CIR/GEN/08/007 dated April 21, 2017 on the Establishment of the Investors’ & Exporters’ […]
Money Market
Nigeria central bank imposes new spread limit in bid to increase liquidity
June 6, 2017/Reuters Nigeria’s central bank introduced a new spread limit on interbank transactions on Monday, it said in a statement, in an attempt to boost liquidity in the currency market. All interbank transactions will be subject to a maximum spread of 1 naira ($0.0033), the Central Bank of Nigeria […]
We’re still discussing with banks – Etisalat
June 6, 2017/Punch Etisalat Nigeria has said that it is still in discussions with its lenders regarding existing obligations under the syndicated loan agreement signed in 2013. The telecom service provider said in a statement on Monday that it had not received any formal communication from the lenders regarding the […]
