Money Market

CBN, Banks Working Out Framework For N26bn Agric, SMEs Equity Fund  

By Nse Anthony-Uko (Sundiata Finance) – The Central Bank of Nigeria (CBN) in collaboration with the Bankers Committee, is working on the framework for the N26 billion so far contributed by lenders for equity investment in agriculture and Small and Medium Enterprises (SMEs) called the AGSME fund. The Bankers Committee had agreed at the annual bankers committee meeting last year, ...

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CBN Sells N200bn In Special OMO To Curb Inflation

By Nse Anthony-Uko (Sundiata Post) – In its latest move to further rein in inflation, the Central Bank of Nigeria (CBN) has unveiled plans to mop up a total of N200.322 billion from the Nigerian banking system through a special Open Market Operation (OMO) at the rate of 16 per cent per annum. Rising from a meeting of the Bankers’ Committee ...

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Helios, KPMG, Others Win At 2017 Private Equity Africa Awards

By Nse Anthony-Uko, (Sundiata Finance) – Private Equity Africa (PEA) (www.PrivateEquityAfrica.com), organisers of the 2017 edition of the PEA Awards have announced winners of the annual event. In its sixth edition, over 120 self-entries, complemented by recommendations from the PEA editorial team and supported by industry data were received. The awards saw 22 firms collect much coveted accolades at the ...

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CBN Injects $831.5m Into Forex Market In 2 Days

By Nse Anthony-Uko, ABUJA – (Sundiata Finance) – The Central Bank of Nigeria (CBN) on Tuesday injected a fresh $418 million into various segments of the inter-bank Foreign Exchange market to boost supply of dollars to meet demand from all segments of the market. This brings to $831.5 million the total amount released by the apex bank in two days. This ...

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CBN’s $100m Sale Lifts Naira To N380/$1

By Nse Anthony-Uko ABUJA, (Sundiata Finance) – The Central Bank of Nigeria (CBN) sold dollars at the interbank market and also to bureau de change operators, thus strenthening the exchange of the Naira to the only at the parallel market. The naira firmed on the streets on Tuesday following the CBN $100 billion intervention even as the external reserves of ...

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