Business Headlines

Forex trading, T Bills, others hit N86.4trn in 6 months

Ihesiulo Grace 6 August 2018 0

…Hike by N19.1tr to 22.1% in one year …As external reserves steady at $47.06bn Foreign exchange transactions, Treasury bills, Money Market, including Repurchase Agreements, Buy-Backs and Unsecured Placements/Takings, FGN Bonds, other Bonds and Eurobonds traded for a period of six

Business

FXTM analyst makes currency, commodity calls ahead of ECB meetings

Ihesiulo Grace 8 March 2018 0

There was suspense in the air during Thursday’s trading session ahead of the European Central Bank policy meeting, says FXTM analyst, Lukman Otunuga. He said although markets widely expect the ECB to leave monetary policy unchanged in March, speculation remains elevated over the central bank dropping its “easing bias”, and notes that this move is […]

Business

Money market value drops by N0.9trn in January

Ihesiulo Grace 18 February 2018 0

…As Repos, two others account for 16.9% market turnover The money market value has depreciated by a total sum of N0.88trillion in just one month, as Repurchase Agreements (Repos), Buy-Backs and Unsecured Placements accounted for 16.90 per cent of market turnover 24.31 per cent in December in 2017. The Daily Times checks revealed that the […]

Business Headlines

Fixed income, forex turnover hit N11.7trn in January

Ihesiulo Grace 13 February 2018 0

. As forex, T. bills’ markets account for 76.74% total transaction Total transaction turnover in the Fixed Income and Currencies (FIC) markets for the month of January, 2018 amounted to N11.71trillion, representing a 1.28 per cent decrease or N0.15trn from the value recorded in December, 2017. Although, it increased by 28.17 per cent pr N2.57 […]

Business Money

Naira stables as forex market lifted with $210m

Ihesiulo Grace 7 February 2018 0

Following the fresh injection of the total sum of $210 million into the interbank foreign exchange market, the Nigerian currency, Naira on Tuesday stabilised at the official FX market. As at close of yesterday trading activities, the naira stood at an unchanged rate of N305.80 per dollar at inter-bank foreign exchange market, the same rate […]

Money

FGN to auction N229bn T-Bills Wednesday

Ihesiulo Grace 16 January 2018 0

The Central Bank of Nigeria (CBN) will on Wednesday, 17th January, 2018, auction Treasury bills with total value of N229 billion. A breakdown of the coming T-Bills auction, showed that the apex bank will be conducting a T-bill auction on Wednesday, 17th of January, 2018, offering N10.25bn worth of 91-day bills, N26.60bn worth of N182-day […]

Business Money

NAFEX records $522.8m transactions turnover in first week 2018

Ihesiulo Grace 8 January 2018 0

…as Naira slips against Pound, Euro at parallel market The Nigerian Autonomouse Foreign Exchange (NAFEX) window recorded total transactions turnover of $522.8 million at the end of official first trading week in 2018, finding by The Daily Times has revealed. But the Naira, over the weekend extended its losing streak against the Pound and Euro […]

Money

CBN may mop-up N230bn from money market this week

Ihesiulo Grace 15 August 2017 0

As part of continued effort in ensuring system stability in the country, indications are rife that the Central Bank of Nigeria (CBN), may dry up to N230 billion from the money market this werek. This is because there Open Market operations (OMO) operations that are due to mature this week, and financial analysts believed that […]