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 […]
Money Market
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 […]
CBN Injects $190m into FX Market; Wholesale Segment Gets $100m as SMEs Receive $50m Boost
Culled—Proshare June 6, 2017/CBN Relentless in its push to achieve convergence of rates in the interbank and Bureau de Change segments of the foreign exchange market, the Central Bank of Nigeria (CBN) on Monday, June 5, 2017, injected another sum of $190 million into the inter-bank market. At Monday’s trading, […]
