Tag: foreign exchange market
Traders say liquidity in Nigeria’s money market improved on Thursday on the back of an Open Market Operation (OMO) maturity inflow of about N396 bn. For a review of the trading session at Nigeria’s fixed income and Forex market Constance Onyia, Fixed Income Dealer at Access Bank joins CNBC Africa for more.
Traders say the pressure on funding rates is likely to increase in Nigeria’s money market as the market is not slated to receive any inflow today. Currently, investors’ appetite in the bonds market remains soft. To discuss the trends in Nigeria’s fixed income and Forex market, Bukky Aregbesola, Head of Fixed Income at Access Bank joins CNBC Africa for more.
Nigeria’s July inflation dipped for the second consecutive month to 11.08 per cent according to data from the National Bureau of Statistics (NBS). Meanwhile, the Central Bank of Nigeria (CBN) will hold its bi-weekly retail Secondary Market Intervention Sales (SMIS) Forex auction today. To discuss this and other stories impacting Nigeria’s money market, Nifemi Adeniyi, team leader of Liquidity Management at Access Bank joins CNBC Africa for more.