Economic News Update

Confidence Inching Back to Nigerian Market, Forex Liquidity Improves

The decision by the Central Bank of Nigeria (CBN) to move towards a full free float of the naira, coupled with its road show in the United Kingdom and United States of America last month, is gradually yielding results as there was a perceptible improvement in liquidity on the interbank spot FX market last week, recording a turnover of $196.14 million, with an average daily volume of $39.23 million between July 25 and 29.

 

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Economic News Update

Confidence Inching Back to Nigerian Market, Forex Liquidity Improves

The decision by the Central Bank of Nigeria (CBN) to move towards a full free float of the naira, coupled with its road show in the United Kingdom and United States of America last month, is gradually yielding results as there was a perceptible improvement in liquidity on the interbank spot FX market last week, recording a turnover of $196.14 million, with an average daily volume of $39.23 million between July 25 and 29.

 

Read More

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.