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Demand Pressure Forces Naira Down to N464/$1 at I&E Window as CBN Seeks More Control Across Markets…

In the just concluded week at the parallel market, the Naira maintained dominance at the open market as it edged out the dollar to gain N9 or by 1.21% week on week to close at N738/USD from N747/USD in the previous week. On the other hand, at the investors' and exporters’ FX window, the Naira |

Foreign exchange forwardInterbank foreignExchange forward contractsContracts marketsBonny lightNairadollar exchange rate

Naira Trades In the Mix-Bag Across Markets Despite Cash Availabilty

Naija247news.com is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Foreign exchange forwardInterbank foreign exchange forward contractsContracts marketsMonth contractsBonny light

MONEY MARKET: As Liquidity Crunch Hits Fixed Income Markets

Following the continuous tightening stance adopted by the Monetary Policy Committee (MPC) which has seen benchmark interest rate rise to 18 per cent,

Allocation committeeMonetary policy committeeForeign exchange forwardDebt management officeOpen market operationFederal account allocation committeeInterbank foreign exchange forward contractsContracts marketsMonth contracts

Demand Pressure, Scarcity Drags Naira In The Mix-Bag Across FX Segments

The demand for the dollar in the FX market is now abating as Nigerians reel from the effects of the currency crunch experienc ed as a result of the Naira

United statesForeign exchange forwardCentral bankInterbank foreign exchange forward contractsContracts marketsBonny light

Banks Cut PTA/BTA By 50% To $2,000

Commercial banks have started cutting personal travel allowance (PTA) and Business Travel Allowance (BTA) by 50 per cent from $4,000 to $2,000, as the country

Foreign exchange forwardCentral bankBusiness travel allowanceInterbank foreign exchange forward contractsContracts marketsNigerian nairaCowry assets management

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