Tag: nkechi ezugha
Traders say trading activities in the Fixed Income space has been mixed as market players were either buying to rebuild their positions, profit taking or selling to create liquidity. Nkechi Ezugha, Forex Trader at United Bank for Africa (UBA) joins CNBC Africa for a wrap of the money markets activities.
At $39.87 billion, traders say Nigeria’s external reserves have crossed the psychological level of $40 billion dollars for the first time this year. Forex Trader at United Bank for Africa (UBA), Nkechi Ezugha joins CNBC Africa for more.
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.
The Federal Open Market Committee is expected to announce its interest decision today. What will a dovish or hawkish FED decision mean for the market? Meanwhile traders say the absence of OMO auction in Nigeria’s money market since last week has left a heavy demand on the long end of the curve. Nkechi Ezugha, Forex Trader at UBA joins CNBC Africa for a mid-week review of Nigeria’s fixed income and forex market.