7 results for “Naira”
The Central Bank of Nigeria is mopping up excess cash to keep money-market conditions tight, supporting the naira and inflation but keeping borrowing costs elevated.
The naira held broadly steady around N1,370 to the dollar as stronger reserves, tighter policy and returning portfolio inflows kept the currency within a narrow range.
The agency affirmed Nigeria's sovereign rating at B but changed the outlook to positive, citing naira flexibility, disinflation and faster-than-expected reserve accumulation.
The gap between spot and forward rates has narrowed, easing one source of corporate uncertainty.
Exchange-rate stability is now the swing factor in the earnings of almost every large listed company.
The official NFEM rate moved only N1.5 against the naira, but the parallel-market rate weakened by N4 from the previous weekend and the...
The secured overnight reference rate is intended to improve pricing transparency and give financial contracts a more reliable base rate.