Culled—Proshare April 7, 2017/CBN The Central Bank of Nigeria (CBN) on Thursday, April 6, 2017, offered the sum of $100 million to authorized dealers at the forex auction in the interbank wholesale window. The Bank’s spokesman, Isaac Okorafor, confirmed the offer in Abuja on Thursday, disclosing that no interventions were […]
Money Market
CBN Boosts BDCs; Makes $10,000 Midweek Intervention
Culled—Proshare April 6, 2017/CBN The Central Bank of Nigeria (CBN) in its bid to sustain supply of liquidity to the foreign exchange market, has decided to make a special intervention in the Bureau de Change (BDC) segment of the market on Thursday, April 6, 2017. Disclosing this in Abuja, the […]
IMF says Nigeria’s naira over-valued by around 10 to 20 percent
April 5, 2017/Reuters Nigeria’s naira is over-valued by around 10 to 20 percent, the International Monetary Fund’s (IMF’s) country head said on Wednesday, when the organisation released a critical report on government efforts to boost growth in Africa’s largest economy. “We do find there to be some over-valuation at this […]
