Culled—Proshare April 24, 2017/Meristem Source: www.merifx.com Fundamental Indication GBP: The British Pound (GBP) rally on Tuesday, 18th April, 2017, following Prime Minister, Theresa May’s announcement of a snap election to be held on June 8, was not sustained as the Pound subsequently declined against the Dollar. We anticipate that the […]
Money Market
CBN targets top bankers in forex manipulation investigation
April 24, 2017/Punch Oyetunji Abioye The Central Bank of Nigeria is watching closely the activities of top officials of commercial banks allegedly involved in illegal foreign exchange transactions. It was learnt that the illegal forex activities of some top bank officials were frustrating the CBN’s efforts aimed at converging the […]
CBN targets exchange rate stability, naira now 380/dollar
April 24, 2017/Punch Oyetunji Abioye The Central Bank of Nigeria on Sunday said it would continue to introduce measures to stabilise the foreign exchange market. It also said that various forex initiatives it had introduced in recent weeks were beginning to yield results with stability recorded in the naira exchange […]
