April 8, 2016/Cordros MSCI Inc. (“MSCI”), released a statement this morning, wherein it mentioned that as a result of the deterioration of foreign exchange market liquidity in Nigeria, it was closely monitoring the situation in the country with regards to market accessibility ahead of its upcoming Semi-Annual Index Review in May […]
Tag: Foreign Exchange Market
CBN creates Retail Dutch account for authorised dealers
The Central Bank of Nigeria (CBN) yesterday released guidelines for the operations of the foreign exchange market. The apex bank also created a designated account for authorised dealers. The account named, Authorised Dealers Retail Dutch Auction System (RDAS) Account was opened at the CBN with account number 1000011194. A statement […]
CBN intervenes in forex market with $180m
The Central Bank of Nigeria has intervened with an offer of $180m at the foreign exchange market on Monday. The CBN, in a circular, directed the authorised dealers to fund their current accounts with the bank at the time of disbursement, failing which the bids would be cancelled. Meanwhile, the […]
