News & Media

NAIRA WATCH: Naira Appreciates to N441/$ in Parralel Market Week-on-Week

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 …

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ANCHORIA FIXED INCOME MONITOR: Naira Gains After Days of Depreciation

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 …

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COMMODITY WATCH: Food Baskets Affected ‘Severely’ in 20 Countries in Q2-2020 Amidst COVID-19 Pandemic

The costs of food baskets were affected ‘severely’ in 20 countries in Q2-2020, during which the COVID-19 pandemic played a major role, according to a report from the World Food Programme, WFP, released recently. Most notably, despite massive income losses, strong demand resulting from stockpiling in combination with disrupted trade flows led to steep increases …

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2020 BUDGET: There Is Nothing Wrong with Borrowing—DMO Boss, Oniha

The Director-General, Debt Management Office, Patience Oniha, said that there is nothing wrong with borrowing to fund the Nation’s budget deficit. She stated this while speaking to journalists on Wednesday in Abuja concerning the  Nation’s increasing debt profile which stood at N28.63 trillion as of March 31, 2020. Rather, Oniha said instead of complaining about …

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NAIRA WATCH: BDC Operators List Challenges As CBN Resume FX Sales Next Week

Following the  resumption of sales of forex by the Central Bank of Nigeria, (CBN) to Bureau De Change,(BDC) operators  next week Monday, September 7, the Association of Bureau De Change Operators (ABCON) has listed small interest margin as a  major challenges  forex operators would be faced It was gathered that CBN is set to sell …

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