Nigeria central bank lifts inter-bank retail forex market with $293m

Godwin Emefiele, Governor, CBN

The Central Bank of Nigeria (CBN) on Friday, May 18, 2018 lifted the retail secondary market intervention sales (SMIS) of the inter-bank foreign exchange market with the sum of $293 million. A statement from Isaac Okorafor, the bank’s acting director, corporate communications department, confirming the figures, indicated that the sum, as in previous interventions, were […]

Key market themes to watch this week

Domestic market It will certainly be an eventful trading week for the Nigerian markets, with key inflation data in focus. The inflation figures for April, scheduled for release on Thursday, could shape expectations over when the Central Bank of Nigeria will cut interest rates this year. Any signs of easing inflationary pressures may heighten speculation […]