Following the resumption of forex sales to BDCs in the country, the Naira appreciated in the parallel market from N478/$ to N441/$ week-on-week, representing a fall of 7.74 percent At the Investors and Exporters (I&E) forex window, the market closed the week with an indicative rate of N386.13, which is an appreciation of N0.46k when …
NAIRA WATCH: Naira Appreciates to N441/$ in Parralel Market Week-on-Week Read More »
Money Market The average money market rate fell significantly by 12.46% to settle at 1.94% from 14.40% in the previous week. As expected, Open Buy Back (OBB) closed at 1.63% compared to 13.90% in the previous week while the Overnight rate (OVN) closed at 2.25% compared to 14.90% the previous week. The buoyant system liquidity …
ANCHORIA FIXED INCOME MONITOR: Naira Gains After Days of Depreciation Read More »
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