Nigerian naira now Africa’s worst performing currency of 2016
The Nigerian currency took a dive on Thursday at both parallel and official markets, becoming the worst performing currency in Africa in 2016.
Nigeria
Central Bank of Nigeria launch Naira-settled OTC FX futures market
The Central Bank of Nigeria (CBN) has made history in the Nigerian FX market as it becomes the pioneer seller of the Naira-settled OTC FX Futures contracts on FMDQ OTC Securities Exchange (FMDQ) today, Monday, June 27, 2016.
Fitch: Nigeria Banks Absorb Effective Devaluation
Nigerian banks are sufficiently well capitalised to absorb the impact of the 40% effective devaluation of the naira against the US dollar seen as of yesterday, the third day of trading under the country's new market-driven exchange-rate policy regime, says Fitch Ratings.
Fitch Downgrades Nigeria to 'B+'; Outlook Stable
Fitch Ratings has downgraded Nigeria's Long-term foreign currency Issuer Default Rating (IDR) to 'B+' from 'BB-' and Long-term local currency IDR to 'BB-' from 'BB'. The Outlooks are Stable. The issue ratings on Nigeria's senior unsecured foreign-currency bonds have also been downgraded to 'B+' from 'BB-'. The Country Ceiling has been revised down to 'B+' from 'BB-' and the Short-Term Foreign-Currency IDR affirmed at 'B'.
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african indices
 | BRVM-CI | 274.87 | +0.45% | 22/11 |
 | BSE DCI | 9,957.66 | +0.54% | 22/11 |
 | DSE ASI | 2,187.62 | -0.26% | 22/11 |
 | EGX 30 | 30,631.80 | +0.14% | 21/11 |
 | GSE-CI | 4,665.35 | +0.23% | 22/11 |
 | JSE ASI | 85,608.47 | +0.10% | 22/11 |
 | LuSE ASI | 15,828.65 | - | 22/11 |
 | MASI | 14,886.65 | +0.12% | 22/11 |
 | MSE ASI | 156,078.77 | - | 22/11 |
 | NGX ASI | 97,829.02 | -0.17% | 22/11 |
 | NSE ASI | 112.74 | +0.11% | 22/11 |
 | NSX OI | 1,844.90 | -0.27% | 22/11 |
 | RSE ASI | 146.48 | - | 22/11 |
 | SEM ASI | 2,144.22 | +0.18% | 22/11 |
 | TUNINDEX | 9,788.17 | -0.12% | 22/11 |
 | USE ASI | 1,166.21 | -1.23% | 22/11 |
 | ZSE ASI | 272.61 | -1.73% | 22/11 |
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