August 9, 2016/Reuters Nigerian naira traded at an all-time low of 350 to the dollar on Tuesday in a single interbank market trade of $100,000, Thomson Reuters data showed. The currency was offered at 313 naira to the dollar and a total of $3.11 million had been traded by 1230 […]
Money Market
CBN Stops Access to Discount Window on Settlement Date for Government Securities Auctions
August 9, 2016/CBN in view of the observed abuse of access to the Central Bank of Nigeria (CBN) Standing Lending Facility by authorised dealers, it has become imperative that some measures be taken to redress the trend and re-define the mode of operation by authorised dealers at the window. Thus, […]
CBN Says IMT Authorised Dealers to Sell Maximum of $30,000 Per BDC Weekly
August 9, 2016/CBN Further TO the Circular Reference No. TED/FEM/FPC/GEN/01/004 Dated July 22, 2016, which granted approval to Authorised Dealers who are agents to approved International Money Transfer Operators (IMTSO) to sell foreign currency accruing from inward money remittances to licensed Bureaux De Change Operators (BDCs), the following additional requirements […]
