In Nigeria, as elsewhere, foreign exchange markets can be a barometer of internal strife, so when central bank governor Lamido Sanusi noticed a surge in dollar demand at forex bureaux in July, he feared something was amiss. The bank found tens of billions of naira was traded for dollars in […]
Tag: Nigeria
CBN Sold $2.8bn to Stabilise Naira in Septemb
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 […]
More listings needed for capital market growth –Stakeholders
As Nigeria marked its 53rd Independence anniversary on Tuesday, stakeholders in the country’s capital market said the Securities and Exchange Commission and Nigerian Stock Exchange needed to intensify efforts to increase the depth of the market. Market operators, shareholders and experts, who spoke to our correspondent, all said the focus […]
