January 4, 2017/CBN Background The Central Bank of Nigeria (CBN) in line with its developmental function established the Anchor Borrowers’ Programme (ABP). The Programme which was launched by President Muhammadu Buhari (GCFR) on November 17, 2015 is intended to create a linkage between anchor companies involved in the processing and […]
Money Market
Central Banks Loosening Their Grip on Markets
Culled—Proshare January 3, 2017/WSJ For markets, the era of the central bank may be starting to draw to a close, thanks to tightening monetary policy and brighter economic fundamentals. In 2017, tightening monetary policy and brighter economic fundamentals could ease markets from the grip of the central banks whose policy […]
Bid/Ask spreads stable at interbank FX as Naira holds value
Photo Credit: LinkedIn Culled—-Proshare December 30, 2016/TheAnalyst Today, Naira continued to enjoy stable trading outlook, holding its key support level at N304.00 against Dollar at the interbank market. It depreciated by 0.08% to settle at N305.00 and N399.00 at Interbank FX Market and Parallel Market respectively as trading data had […]
