From the Street
Science & Tech
Nigeria central bank floods forex market with dollars
2 Jun 2017
Nigeria's Central Bank continues to flood the foreign exchange market with dollars. Yesterday the apex bank sold 483 million dollars to improve dollar liquidity.
Nigeria economic outlook
27 Apr 2017
Nigeria's central bank on Tuesday sold 25 million US dollars at the newly introduced FX window for investors & exporters. Meanwhile, Godwin Emefiele says the present economic recession in the country would be over by the third quarter.
Egypt’s external finances improve after float decision
9 Mar 2017
Egypt’s external finances improved following the Nov. 3 decision to float the pound, the central bank said, as inflows from investments, remittances and exports picked up.
Saudi banks face liquidity crunch
2 Aug 2016
Monica Malik, chief economist at Abu Dhabi Commercial Bank, discusses the influx of $4B in short-term loans to banks by the central bank, the stresses in the Saudi banking system and the prospect for further measures.
Profit taking pushes Nigeria's equities to marginal decline
7 Jun 2016
The Nigerian All Share Index closed down in yesterday's session. The negative performance was broadly driven by profit taking as expectations of the Central Bank's announcement on a flexible exchange rate policy stifled momentum.
Naira remains under pressure
3 Mar 2016
While the naira/dollar rate remains pegged in the official market, the exchange rate has been volatile in the parallel market. Dollar supply remains weak amid speculation that the central bank is considering modalities for a second tier forex market.