The Managing Director, Financial Derivatives Company Limited, Mr. Bismarck Rewane, has said that the naira will come under intense pressure this year. Rewane said in an interview with our correspondent that the new members of the Monetary Policy Committee would need to find a way to support the currency. “I […]
Tag: Naira
Nigeria’s naira firms as central bank intervenes after US Fed taper
* Naira firms as central bank sells dollars in wake of Fed taper * Nigeria bond yields mixed as U.S. start tapering * Stocks up almost 1 pct on Thursday (closing bond yield, naira, index, quotes and background) Nigeria’s central bank intervened to support the naira currency on Thursday, lifting […]
DMO to Auction N75bn Bonds this Week
The Debt Management Office (DMO) will on Wednesday auction federal government bonds valued at N75 billion. A breakdown of the debt instruments, which are all reopening, showed it comprises of 20-year, 10% FGN Jul 2030 paper worth N35 billion and a three-year, 13.05% FGN Aug 2016 debt worth N40 billion. […]
