Despite the pressure faced by the naira at other segments of the forex market in September, the traditional intervention of the Central Bank of Nigeria (CBN) at its regulated Wholesale Dutch Auction System (WDAS) during the month helped to stabilise the naira. However, from today, the WDAS will no longer […]
Tag: August
Investors pull $7.7 billion from Pimco Total Return in August: Morningstar
The Pimco Total Return Fund, the world’s largest bond fund, had $7.7 billion in net cash outflows in August, marking the fourth straight month of withdrawals from the fund, estimated data from Morningstar showed Wednesday. Outflows from the fund, which is run by Pimco founder and co-chief investment officer Bill […]
