Nigeria’s forex, bond and money markets have all stopped trading because of uncertainty and volatility created by the central bank governor’s suspension, several dealers told Reuters on Thursday. “The market is frozen right now because no one wants to take position and the fact that the market was already short,” […]
Tag: money Market
Euro, money market rates fall after low ECB loan repayment
Money market rates and the euro fell on Friday after the European Central Bank announced banks would make 62.8 billion euros worth of early repayments of three-year banking sector loans. The repayment came in below the 130 billion euro Reuters poll consensus and means the level of surplus liquidity in […]
FG Unveils $9.3bn External Borrowing Plan
The Federal Government Monday proposed a portfolio of concessionary loans totalling $9.3 billion under its 2012-2014 Medium Term External Borrowing Plan and requested the National Assembly to consider and approve it. The proposal consists of an initial request of $7.9 billion which has been pending before the parliament and an […]
