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Financial analysts predict more issuance of commercial papers

Following the maintenance of the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN), financial analysts at FSDH Research, an arm of FSDH Merchant Bank Limited, have predicted that the issuance of commercial papers by Nigerian firms will increase in the second half of the year 2018. Commercial paper, in the global financial […]

EM Contagion continue to hit local markets as Bond Yields weaken further

Tuesday, August 14, 2018 /06:00PM / Zedcrest Capital *** Turkey’s Collapse Sinks Emerging Markets on ‘Manic Monday’*** – Bloomberg KEY INDICATORS Indicator Value Commentary Inflation 11.23% As at July 23, 2018, 38bps down from 11.61% […]

How to bid for this week’s CBN Treasury Bill’s sale

The Central Bank of Nigeria (CBN) is scheduled to hold a Treasury Bills (T-Bills) Primary Market Auction (PMA) on 16th August 2018. The CBN will be offering N3.38billion and N30billion on 91-day, 182-day respectively. There will be no 364-day treasury bills sale this week. Before learning how to participate in this sale, here is a […]

CBN partners commercial banks on disbursement of lower naira denominations

11 hours ago August 13, 2018 Business Day, Headlines The Central Bank of Nigeria (CBN) is currently linking commercial banks and masses across the country for easy disbursement of lower denominations in the country. There have been complaints by Nigerians, especially those selling and buying on daily basis of the scarcity of […]

Dollar to Naira black market rate today Monday, 13th August 2018

Dollar to Naira black market rate today Monday, 13th August 2018 Naira stays fixed against dollar, rises against pounds Dollar to Naira black market rate today Monday, 13th August 2018 is N357/N360.  The Exchange rate of dollar to naira has seen the NGN Naira have mixed fortunes against the USD Dollars during the course of last year. At a point last year […]

Nigeria’s Access Bank Intelligence Unit forecast July inflation to trend lower to 10.97%

Ahead of the scheduled release of inflation figure for July 2018 on August 15, 2018 by National Bureau of Statistics (NBS), the Economic Intelligence Unit Group of Access Bank has forecast that July inflation rate (year-on-year) will trend downwards to 10.97 percent, compared to 11.23 percent recorded in June 2018. The bank group of analysts […]

CBN grants N14.9bn loan to North-East Commodity Association |

‘); }()); The Central Bank of Nigeria (CBN) has granted N14.9 billion loan to the North East Commodity Association (NECAS), on the platform of its Anchor Borrowers’ Programme (ABP). Continue reading CBN grants N14.9bn loan to North-East Commodity Association at Vanguard News. Source: NairaLift Parrot News

FX market activity dips to 8-month low

“Stability reflects the fact that the naira is a peg and the peg enforcer (which is the CBN) has the ability to keep the peg where it is due to the strong …

CBN injects $327 million to boost SMIS

Following the sale of 69,707,333.39 million Chinese Yuan (CNY) in the spot and short-tenored forwards, the Central Bank of Nigeria (CBN) has injected $327.4 million into the inter-bank retail Secondary Market Intervention Sales (SMIS). The dollar-dominated intervention is meant for only agricultural and raw materials sectors concerns. CBN’s Acting Director of Corporate Communications, Isaac Okorafor said the exercise, which was in […]

Foreign investors’ apathy towards FGN Bonds to  persist 

…as yields hit 8-month high *External reserves drop to 4-month low at $46.7bn By Babajide Komolafe Foreign investors’ apathy to FGN bonds, which sent yields to eight months high last week is expected to persist this week. Last week, prices of most FGN bond traded in the secondary market fell with yields rising to new […]

‘Nigerian capital market has great potentials’ — Business — The Guardian Nigeria Newspaper – Nigeria and World News

Uche Uwaleke In this interview with our correspondent in Abuja, Professor Uche Uwaleke, Nigeria’s first professor of capital market, examines the challenges and prospects of the country’s capital market, maintaining that it has a lot of potentials for driving inclusive economic growth, if only enabling government policies can be put in place. You have been […]

CBN’s idea of enforcing cashless policy with mutilated notes counterproductive—Survey – Business Hilights

Since the beginning of cashless policy in Nigeria by the Central Bank of Nigeria (CBN) few years ago, there has been apparent end to the visibility of new lower naira notes including N200, N100, N50, N20, N10 and N5. Investigations revealed that the apex bank is working on the understanding that the official none availability […]

CBN survey finds Nigerian businesses expectant of naira appreciation this month » PER SECOND NEWS

By Ruth Olurounbi, Abuja, Business Editor.   A new Central Bank of Nigeria (CBN) survey report released on Friday has found that Nigerian businesses expect that naira will appreciate this month, judging by confidence indices which stood at 27.3 and 44.8 points, respectively. Additionally, firms expect inflation rates to fall this month at -15.0 points, […]

Why Nigerians Reject Mutilated Naira Notes – Politics

Some Nigerians have decried the widespread circulation of mutilated naira notes in the country and called on the Central Bank of Nigeria (CBN) to reverse the trend and ensure better management of the nation’s currencies.In interviews with the News Agency of Nigeria (NAN) on Thursday in Lagos, they noted that several cases of misunderstandings had […]