Money Market


Chronic forex shortage pushes naira to 445/dollar

27/9/2016/Punch Oyetunji Abioye The naira tumbled to 445 against the United States dollar at the parallel market on Monday, down from the 440 recorded on Sunday. The chronic dollar shortage… Read more »


Naira plunges to 440 as dollar inflow drops

26/9/2016/Punch Oyetunji Abioye The naira was sold at the parallel market for 440 per dollar on Sunday, as the lingering foreign exchange scarcity increased to a new level. The local… Read more »


Rating Actions On Nigerian Banks Reflect Sovereign Downgrade and Weakened Economic Environment

Culled—-Proshare September 23, 2016/ S & P Global Ratings Overview Nigeria’s economy has weakened more than we expected, owing to a marked contraction in oil production, a restrictive foreign exchange… Read more »