Don't understand what it means?
...Rewane disclosed this during his monthly Lagos Business
Executive Breakfast Session presentation.
Mixed fortunes for the naira as reserves rise
The Nigerian currency has experienced mixed performance
across all foreign exchange market segments in the past
week.
The Central Bank of Nigeria (CBN) said the FX reserves
hit record levels in 33 months, advancing 68 points
weekly to settle at $40 billion.
Data from the FMDQ Exchange shows that the naira
depreciated by 70 basis points against the dollar to settle
at N1,678.87 per dollar.
However, the naira strengthened at the parallel market by
30 basis points against the dollar to close at N1,720 per
dollar.
Rewane asks CBN to auction more dollars
Rewane disclosed that there is no economic basis for the
naira to trade at less than 30% of its fair value in less
than one year.
He expressed strong optimism that the naira would
recover some of its losses in January.
CBN hikes exchange rates for importers as dollar
strengthens amid Donald Trump’s win
According to him, the difference between the black market
and the official window has disappeared.
He said the development was responsible for the 30%
value depreciation due to speculative round-tripping.
The FDC boss said the CBN should announce a dollar
sales programme similar to the T-Bill auction to help
reduce market uncertainty.
Nigeria’s FX reserves Hit $40 Billion
Legit.ng earlier reported that the governor of CBN,
Olayemi Cardoso, has announced that Nigeria’s FX
reserves have reached more than $40 billion, the highest
in 33 months.
During a symposium in Abuja, the CBN boss disclosed
that the apex bank has achieved significant milestones
under his leadership.
He disclosed that inflationary trends are now pointing
downwards, showing the effectiveness of the bank’s
interventions.
Source: Legit.ng
Be a smart Christian. Understand market and trends. Don't say I didn't tell you.
...Rewane disclosed this during his monthly Lagos Business
Executive Breakfast Session presentation.
Mixed fortunes for the naira as reserves rise
The Nigerian currency has experienced mixed performance
across all foreign exchange market segments in the past
week.
The Central Bank of Nigeria (CBN) said the FX reserves
hit record levels in 33 months, advancing 68 points
weekly to settle at $40 billion.
Data from the FMDQ Exchange shows that the naira
depreciated by 70 basis points against the dollar to settle
at N1,678.87 per dollar.
However, the naira strengthened at the parallel market by
30 basis points against the dollar to close at N1,720 per
dollar.
Rewane asks CBN to auction more dollars
Rewane disclosed that there is no economic basis for the
naira to trade at less than 30% of its fair value in less
than one year.
He expressed strong optimism that the naira would
recover some of its losses in January.
CBN hikes exchange rates for importers as dollar
strengthens amid Donald Trump’s win
According to him, the difference between the black market
and the official window has disappeared.
He said the development was responsible for the 30%
value depreciation due to speculative round-tripping.
The FDC boss said the CBN should announce a dollar
sales programme similar to the T-Bill auction to help
reduce market uncertainty.
Nigeria’s FX reserves Hit $40 Billion
Legit.ng earlier reported that the governor of CBN,
Olayemi Cardoso, has announced that Nigeria’s FX
reserves have reached more than $40 billion, the highest
in 33 months.
During a symposium in Abuja, the CBN boss disclosed
that the apex bank has achieved significant milestones
under his leadership.
He disclosed that inflationary trends are now pointing
downwards, showing the effectiveness of the bank’s
interventions.
Source: Legit.ng
Be a smart Christian. Understand market and trends. Don't say I didn't tell you.
Don't understand what it means?
...Rewane disclosed this during his monthly Lagos Business
Executive Breakfast Session presentation.
Mixed fortunes for the naira as reserves rise
The Nigerian currency has experienced mixed performance
across all foreign exchange market segments in the past
week.
The Central Bank of Nigeria (CBN) said the FX reserves
hit record levels in 33 months, advancing 68 points
weekly to settle at $40 billion.
Data from the FMDQ Exchange shows that the naira
depreciated by 70 basis points against the dollar to settle
at N1,678.87 per dollar.
However, the naira strengthened at the parallel market by
30 basis points against the dollar to close at N1,720 per
dollar.
Rewane asks CBN to auction more dollars
Rewane disclosed that there is no economic basis for the
naira to trade at less than 30% of its fair value in less
than one year.
He expressed strong optimism that the naira would
recover some of its losses in January.
CBN hikes exchange rates for importers as dollar
strengthens amid Donald Trump’s win
According to him, the difference between the black market
and the official window has disappeared.
He said the development was responsible for the 30%
value depreciation due to speculative round-tripping.
The FDC boss said the CBN should announce a dollar
sales programme similar to the T-Bill auction to help
reduce market uncertainty.
Nigeria’s FX reserves Hit $40 Billion
Legit.ng earlier reported that the governor of CBN,
Olayemi Cardoso, has announced that Nigeria’s FX
reserves have reached more than $40 billion, the highest
in 33 months.
During a symposium in Abuja, the CBN boss disclosed
that the apex bank has achieved significant milestones
under his leadership.
He disclosed that inflationary trends are now pointing
downwards, showing the effectiveness of the bank’s
interventions.
Source: Legit.ng
Be a smart Christian. Understand market and trends. Don't say I didn't tell you.
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