Culled—Proshare May 22, 2017/FBN Capital Research The monetary policy committee (MPC) opens its latest meeting in Abuja today, and is due to announce its decisions tomorrow afternoon. We see an unchanged stance. In its decisions it has to allow for an economy which has contracted y/y for four successive quarters […]

May 22, 2017/Punch Oyetunji Abioye The naira increased its recent gain on the parallel market on Sunday, closing at 380 per United States dollar. The local unit closed at 381/dollar on Friday, having closed at 380/dollar consecutively between last Tuesday and Thursday. The naira closed at 305.45 to the dollar […]

Culled–Proshare May 21, 2017/CBN With the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) meeting this week, the Naira continued its strong run against the United States dollar at the weekend, underscoring the resolve of the apex Bank to achieve convergence of rates between the interbank and […]