Traders expect the Central Bank of Nigeria (CBN) to conduct an Open Market Operations (OMO) Auction this week due to anticipated inflows. To discuss this and for a focus on Nigeria’s money market, Nnamdi Nwizu, Co-Managing Partner at Comercio Partners joins CNBC Africa.
360 global single- and multi-family offices were surveyed for the 2019 UBS Global Family Office Report, which was done in conjunction with Campden Research. A majority expect the global economy to enter a recession by 2020, with the highest percentage of gloomy respondents in emerging markets. About 42% of family offices around the world are raising cash reserves. Bloomberg's Tom Metcalf and Lisa Abramowicz speak on "Bloomberg Money Undercover"
Nigeria’s July inflation dipped for the second consecutive month to 11.08 per cent according to data from the National Bureau of Statistics (NBS). Meanwhile, the Central Bank of Nigeria (CBN) will hold its bi-weekly retail Secondary Market Intervention Sales (SMIS) Forex auction today. To discuss this and other stories impacting Nigeria’s money market, Nifemi Adeniyi, team leader of Liquidity Management at Access Bank joins CNBC Africa for more.