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Business Naira Watch: Tracking Nigeria's Currency [Day 15]
Nigerian Naira, Wednesday declined at 283.50 to a US dollar, fifteen official business day after the Central Bank of Nigeria removed peg on the country's currency rate. Nigerian naira gained 1.3% to 280.10 against the US Dollar as at 9.45am in Lagos, commercial hub of the country which poised...- ProfRem
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Business CBN Throws Discount Window Open To Boost Liquidity, Naira Gains
The Central Bank of Nigeria (CBN) Wednesday opened a discount window for banks to meet their short-term dollar demands, Analyst, however said the idea is to avert liquidity crisis in the interbank foreign exchange market The Chief Executive Officer, Financial Derivatives Company Limited, Mr...- ProfRem
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