Banks and financial market dealers are waiting to see how the Central Bank of Nigeria’s newly introduced retail foreign exchange auction system, called Retail Dutch Auction System, will affect the economy. The CBN had on Wednesday replaced the wholesale foreign exchange auction method, called Wholesale Dutch Auction System, with the […]
Tag: Financial Market
Inter-bank rates to drop further on excess liquidity
Financial market watchers have said that the inter-bank rates will drop further this week as a result of excess liquidity in the market. Analysts at FSDH, in a report made available to our correspondent, said, “We expect Open Market Operation maturity of about N249.70bn to hit the system in the […]
