Money Market

Namibia cuts lending rate to 6.75 pct to support growth

August 16, 2017/Reuters Namibia’s central bank cut its benchmark lending rate by 25 basis points to 6.75 percent on Wednesday, citing the need to support economic growth and maintain the… Read more »

CBN Injects $364m into Inter-Bank Forex Market

Culled—Proshare 15/8/2017/CBN The Central Bank of Nigeria (CBN) on Tuesday, August 15, 2017, intervened in the Inter-Bank Foreign Exchange Market to the tune of $364million in a bid to sustain… Read more »

Naira drops to 370 on lack of dollar supply

August 16, 2017/Punch Oyetunji Abioye The naira depreciated against the United States dollar at the parallel market on Tuesday to 370, down from 368/dollar on Monday. The local unit had… Read more »