Tag: fx reserves

Dwindling reserves a cause for concern? A wrap of Nigerian FX markets

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.

Nigerian fixed income & Fx watch

Traders at United Bank for Africa (UBA) say they do not forecast pressure on the Naira as the Investors and Exporters window has been relatively stable, while the Central Bank of Nigeria has continued to use the FX reserves to defend the Naira. Nkechi Ezugha, Forex Trader at UBA joins CNBC Africa for more.