ChapelHill Denham lists first-ever N200bn infrastructure debt fund
Businessam Staff
July 19, 2017
ChapelHill Denham has listed the first series of its N200 billion Nigeria Infrastructure Debt Fund (NIDF), reputed as the first-ever listed infrastructure debt fund in Nigeria and sub-Saharan Africa. The Chapel Hill Denham Nigeria Infrastructure Debt Fund (“NIDF” or “the Fund”) is a close-ended fund, domiciled in Nigeria and denominated in Naira. The Fund is […]
Nigeria central bank pumps N195m into FX market, issues new guidelines on unutilised forex
Businessam StaffJuly 4, 2017
The Central Bank of Nigeria (CBN) Monday injected a total sum of $195 million into various segments of the foreign exchange market just as it released new rules to ameliorate the challenges in returning naira to banks for unutilised foreign exchange. A breakdown of figures released by the CBN showed that the sum of $100 […]
Nigeria’s currency futures market volumes drop on rate convergence
Businessam StaffJune 26, 2017
The recent improvements in foreign currency liquidity at the Nigerian foreign exchange market have ironically affected volumes at the nations’ currency futures market, according to financial analysts and data obtained by Businessamlive. Findings reveal that the volume of trade in the Nigerian currency futures market has dropped dramatically since the Central Bank of Nigeria (CBN) […]
CBN’s forex intervention hits $6bn in five months
Niyi JacobsJune 15, 2017
…I&E window gets $2.2bn in six weeks as naira depreciates to N370/$ The Central Bank of Nigeria’s (CBN) total intervention at the nation’s foreign exchange market has been put at $6 billion with the new investors and exporters (I&E) window getting $2.2 billion in just six weeks of operation. The newly introduced Investors& Exporters FX […]