Tag: Liquidity
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Stanbic IBTC maintains strong liquidity, grows FY 2018 PAT by 54%
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has released its audited financial results for the financial year to 31 December 2018 to the Nigerian Stock Exchange, which showed a strong liquidity position. The results, released to the Exchange on Wednesday, showed the group grew its topline earnings for the financial year to…
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CBN’s liquidity boost to BDCs narrowing exchange rate gap – Gwadabe
Alhaji Aminu Gwadabe, the President of Association of Bureau De Change Operators of Nigeria (ABCON), says lower exchange rate gap is due to liquidity boost to the BDCs sector. Gwadabe told newsmen on Tuesday in Lagos that the increase in the weekly volume of foreign exchange offered to BDCs had seen the reduction in the…
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CBN injects fresh $240m to boost forex liquidity as Naira exchanges for N388/1$
The Central Bank of Nigeria (CBN) on Monday continued boosting the country’s foreign exchange liquidity with 240 million dollars, part of which 150 million dollars will go to dealers in the interbank wholesale window. Those who stand to gain from the sales through the interbank wholesale auction window include manufacturers, importers of aggro-machineries, plants and…