Culled—Proshare February 27, 2017/FDC Economic Deterioration 2014 – 16 Currency Misalignment Fair value: N340 · Market premium= 40% of N340 · Parallel market should not trade above market premium + fair value · i.e approx. N476/$ – target rate for parallel market Multiple Exchange Rates Announces new policy on […]
Money Market
Former CBN Director Raises Questions on Abandoned CBN Branch Project
Culled—Proshare February 27, 2017/News Chief Samuel Bandele Falegan, a former Director of the Central Bank Of Nigeria and former Managing Director of the Federal Mortgage Bank, on Friday, February 17, 2017 became one of the latest whistle blowers on financial transactions in Nigeria’s public institutions when he raised eight-pointed concerns […]
Dollar Set To Crash Further as CBN Releases Additional $180m to Banks
Culled—Proshare February 27, 2017/News The Central Bank of Nigeria today, made available additional funds to the tune of USD$80 million for PTA, Fees, and Medicals; and another USD$100 million for the wholesale forwards market. In keeping with the new shift in focus and response to increased build up of reserves, […]
