Tag: FX Market
Analysis| Expected inflow of US$10.0bn, a US$ boost for Nigerian markets?
TUE, OCT 31 2023-theGBJournal|Last week it was reported that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, had announced an...
Money Watch| Naira rises by 227 bps w/w to N789.94/$ but...
...Nigeria’s FX reserve recorded another accretion this week for the third consecutive week
...At the money market, during the past week, interbank market rates showed...
Markets Wrap| T-Bills yield falls to 6.9&, Naira slumps to N847.77/$...
TUE, OCT 24 2023-theGBJournal|Trading in the NTB secondary market was bullish on Tuesday, as the average yield contracted by 3bps to 6.9%.
Across the curve,...
FX Watch| Naira strengthens by 178 bps w/w to N741.85/$ at...
SAT, OCT 07 2023-theGBJournal| The value of the Naira to the dollar strengthened by 178 bps week-on-week to print at N741.85/$ this week at...
Naira continues its losing streak, falls 1.5% to the US$ at...
WED, OCT 04 2023-theGBJournal|The naira depreciated by 1.5% to N756.21/USD at the Investors and Exporters (I&E) window Wednesday at the end of the day's...
FX Watch| Nigeria’s external reserves falls to $33.94 billion, its lowest...
SAT, AUGUST 12 2023-theGBJournal |Nigeria’s FX reserves remained under pressure this week, as the gross reserve decreased by USD44.41 million w/w to USD33.88 billion...
2023 Mid-Year Outlook| Will the “Benjamins” find their way back to...
THUR, JULY 06 2023-theGBJournal | The naira remains on the back foot against the US dollar as FX demand continues to outstrip supply.
The demand...
Central Bank of Nigeria announces sweeping operational changes to the foreign...
WED, JUNE 14 2023-theGBJournal |The Central bank of Nigeria (CBN) today announced sweeping operational changes to the foreign exchange market, in what is generally...
Insight| Selling government forex at less than N500/$ is inexcusable
MON. 16 JANUARY, 2023-theGBJournal| The second major subsidy regime from which huge revenues can be unlocked in the short term is the foreign exchange...
fx Watch| Nigeria’s FX reserves grows US$75.44 million w/w, naira trades...
SAT, 16 JULY, 2022-theGBJournal| Nigeria’s FX reserves sustained its accretion, as it grew by US$75.44 million w/w to US$39.43 billion (14 July 2022).
Across...
