Nigeria

    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.

    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.

    More Articles …

    1. Fitch Downgrades Nigeria to 'B+'; Outlook Stable
    2. Nigerian Naira plunges in free float against US dollar
    3. Central Bank Of Nigeria Announces New ‘Flexible’ Forex Regime
    4. Central Bank of Nigeria Grants Providus Bank Commercial Banking Licence
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