Money Market

CBN Says Rumor on Dom Account Holdings a Hoax

September 14, 2021/CBN The attention of the Central Bank of Nigeria (CBN) has been drawn to a fake circulation, in social media circles, of a circular with a fake CBN logo curiously dated “13 September 2021”, and purportedly issued by its Trade and Exchange Department to the effect that all […]

Parallel Market Rate at an All-Time High

September 14, 2021/CSL Research In recent weeks, severe pressure has been mounting on the exchange rate at the parallel market following the Central Bank of Nigeria’s (CBN) policy stance to discontinue the supply  of FX to Bureau De Change Operators (BDCs). Consequently, the premium between the  parallel market rate and […]