登录查看更多内容

Naira Dips 6% Despite $53 Million FX Sales to Banks

MarketForces Africa

Research, Training & Media

发布日期: 2024年10月7日

Interbank Rates Increase as FX, OMO Debits Shrink Financial System Liquidity:?The financial market has continued to price money at higher rates due to latest monetary policy tightening…Read more

Naira Dips 6% Despite $53 Million FX Sales to Banks: The naira lost about 6% of its purchasing power in the official foreign exchange (FX) market last week as FX sales to authorised dealer banks were insufficient to reduce volatility. Read more

MarketForces Africa

5,725 位关注者

要查看或添加评论，请登录

MarketForces Africa的更多文章

2024年11月27日

Naira Rises as CBN Unveils FX Trading on BMatch Platform

PH Refinery Begins Truck-Out of Petroleum Products: The Port Harcourt Refining Company Limited on Tuesday began the…
2024年11月26日

Nigeria’s Economy Grows by 3.46% in Q3-204

Oil Prices Decline over Middle East Peace Talks: The crude oil prices dipped amidst ceasefire talks in the Middle East.…
2024年11月22日

Naira Mixed as Markets Brace for $2.2bn External Borrowing

Naira Mixed as Markets Brace for $2.2bn External Borrowing: The naira appreciated on the strength of external borrowing…
2024年11月20日

Tinubu Seeks Senate Approval of 2025–2027 Fiscal Framework

Crude Oil Prices Rise as Russia-Ukraine War Escalates: Prices of crude oil rose on Wednesday after Ukraine strike…

1 条评论
2024年11月16日

NGX Rises by N295bn as OANDO, FLOURMILL, WAPCO Rally

Fitch Keeps Cameroon at ‘B’ with Negative Outlook: Fitch Ratings has affirmed Cameroon’s long-term foreign currency…
2024年11月15日

Nigeria Approves $2.2bn External Borrowing Plan – Finance Minister

Crude Oil Prices Decline over Supply Glut Concerns: Crude oil prices declined in the global commodities market over…
2024年11月14日

Bitcoin Price Jumps by 30% after U.S Election Win

Oil Prices Decline as Strong US Dollar Raises Energy Costs: Prices of crude oil decline over rising U.S dollar.

1 条评论
2024年11月13日

Money Market Rates Increase as CRR Debits Drag Liquidity

Benchmark Yield on Nigerian Bonds Dips as Demand Rises: The average yield on Nigerian government bonds slid marginally…
2024年11月12日

Naira Tumbles to N1681, Exchange Rates Gap Now N49

Oil Prices Fall on Strong U.S Dollar, China’s Weak Demand: The prices of crude oil dropped further in the global…

1 条评论
2024年11月11日

Foreign Investors Flock Nigeria’s Eurobonds as US Rates Cut

Foreign Investors Flock Nigeria’s Eurobonds as US Rates Cut: Foreign portfolio investors in the international markets…

See all articles

社区洞察

Financial Services

How can you hedge against currency risk in merchant services?
Investment Banking

What are the best ways to minimize trading costs and maximize profits?
Economics

How can you explain central bank functions?
Working Abroad

How can you minimize your exposure to currency fluctuations?
Business Management

How can currency swaps help companies manage foreign exchange risk?
Payment Systems

What are the best ways to manage currency fluctuations in payment systems?
Economics

What is the Bank for International Settlements and how does it impact the international monetary system?
Treasury Management

How do you balance risk and return in currency diversification?
Corporate Accounting

What are the most effective ways to use derivatives to hedge against interest rate risk?
Risk Management

How can you determine the appropriate frequency for collateral valuation?

其他会员也浏览了

The ebb of liquidity while deleveraging to reduce Chinese banks’ profitability

Alicia Garcia-Herrero 艾西亞 3 年
Chinese banks show the first signs of recovery but challenges remain on liquidity, asset quality and even solvency

Alicia Garcia-Herrero 艾西亞 4 年
RBI MPC keeps repo rate unchanged in surprise move to pause and assess, but leaves scope for future action

Financial Express (India) 1 年
BoJ monetary review aiming at protecting banks

Alicia Garcia-Herrero 艾西亞 3 年
PBoC giving a helping hand to banks in exchange for their support to private sector

Alicia Garcia-Herrero 艾西亞 5 年
Sticks and carrots from NPC to Chinese banks: Forced lending to the private sector in exchange for more capital

Alicia Garcia-Herrero 艾西亞 5 年
Why The Markets Should Take Heart From The RBI Policy

Tamal Bandyopadhyay 8 年
Why is a Higher SLR Better Than a High REPO Rate?

Hargovind Sachdev 1 年
The CBN Directives On Harmonisation Of Reporting Requirements On Foreign Currency Exposures Of Banks: What is Required of Banks?

Tech Hive Advisory 9 个月
CBN Sells $30m to Banks to Defend Naira

MarketForces Africa 3 周

MarketForces Africa

5,725 位关注者

MarketForces Africa的更多文章

Naira Rises as CBN Unveils FX Trading on BMatch Platform

Nigeria’s Economy Grows by 3.46% in Q3-204

Naira Mixed as Markets Brace for $2.2bn External Borrowing

Tinubu Seeks Senate Approval of 2025–2027 Fiscal Framework

NGX Rises by N295bn as OANDO, FLOURMILL, WAPCO Rally

Nigeria Approves $2.2bn External Borrowing Plan – Finance Minister

Bitcoin Price Jumps by 30% after U.S Election Win

Money Market Rates Increase as CRR Debits Drag Liquidity

Naira Tumbles to N1681, Exchange Rates Gap Now N49

Foreign Investors Flock Nigeria’s Eurobonds as US Rates Cut

社区洞察

其他会员也浏览了

The ebb of liquidity while deleveraging to reduce Chinese banks’ profitability

Chinese banks show the first signs of recovery but challenges remain on liquidity, asset quality and even solvency

RBI MPC keeps repo rate unchanged in surprise move to pause and assess, but leaves scope for future action

BoJ monetary review aiming at protecting banks

PBoC giving a helping hand to banks in exchange for their support to private sector

Sticks and carrots from NPC to Chinese banks: Forced lending to the private sector in exchange for more capital

Why The Markets Should Take Heart From The RBI Policy

Why is a Higher SLR Better Than a High REPO Rate?

The CBN Directives On Harmonisation Of Reporting Requirements On Foreign Currency Exposures Of Banks: What is Required of Banks?

CBN Sells $30m to Banks to Defend Naira