Tag: emmanuel mordi
Trader says trading activities in Nigeria’s T-bills secondary market did not commence the week on an active note, though bearish sentiments prevailed overall for profit-taking reasons. Emmanuel Mordi, Currency Trader at United Bank for Africa (UBA) joins CNBC Africa for a focus on Nigeria’s money market.
The Central Bank of Nigeria has denied reports that it gave directives to stop the sale of treasury bills to individuals and small firms. Emmanuel Mordi, Currency Trader at UBA joins CNBC Africa for a wrap of this week’s trading session at Nigeria’s fixed income and Forex market.
As Nigeria’s FX reserves continue to decline – to discuss how the market is interpreting this trend and more, Emmanuel Mordi, Currency Trader at United Bank for Africa (UBA) joins CNBC Africa.
Nigeria’s reserves dropped from $43.84 to $42.36 billion in one month. Despite the drop traders say they expect the Central Bank of Nigeria to continue to deploy the reserves in a bid to defend the naira. To discuss this and more, Emmanuel Mordi, Currency Trader at UBA joins CNBC Africa for more.