Tag: victor aluyi
No doubt Nigeria's currency has come under pressure in recent months; the Central Bank of Nigeria says it is working towards the gradual unification of exchange rates. But what does the CBN's recent move in asking lenders to bid for dollars at 5 per cent above the official rate mean for the markets going forward? Victor Aluyi, Head of Portfolio Management at Comercio Partners joins CNBC Africa for more.
Plummeting oil prices and a continued surge in global coronavirus cases has caused markets around the world to nosedive today, with Nigeria confirming its second case of COVID-19 in the country. Traders say they expect the movement in the price of Brent crude to guide demand in the bond space. Victor Aluyi joins CNBC Africa to discuss the impact on Nigeria's fixed income and FX Markets.
Research institute, Moody’s, says Nigeria’s debt affordability will remain weak and the country’s revenue is expected to remain low at around 8 per cent of Gross domestic product (GDP) until 2022. Meanwhile, oil producer club, Organization of the Petroleum Exporting Countries (OPEC) and its allies have agreed to an additional 500,000 barrel supply cut beginning from the first of January. Victor Aluyi, Head of Portfolio Management at Comercio Partners joins CNBC Africa for more.
Nigeria’s FX reserves are down by 6 per cent this year to 40.5 billion dollars. Victor Aluyi, Head of Portfolio Management at Comercio Partners joins CNBC Africa to preview the fixed income and FX markets this week.
The Central Bank of Nigeria (CBN) had earlier this year set today as deadline for banks in the country to meet the 60 per cent loan-to-deposit ratio set by the Apex Bank. To discuss this and for an outlook on Nigeria’s money market in the fourth quarter of the year, Victor Aluyi, Head of Portfolio Management at Comercio Partners joins CNBC Africa for more.