ECONOMIC UPDATE: JULY 2017
According to this Economic Update, the spread between BDC and I&E window rates narrowed from 4% in April to 0.1% in July 2 save for the official rate. FMDQ ignites further FX liquidity flame: In more recent development, the FMDQ selected Bloomberg as a partner saddled with the responsibility to report transactions in the I&E […]
SUMMARY OF NEWS
Punch NBET, TCN demand N35.4bn electricity payments from Benin, Niger The Nigerian Bulk Electricity Trading Plc and the Transmission Company of Nigeria have jointly written to power firms of the Republics of Benin and Niger, demanding the payment of an outstanding $115.91m (about N35.4bn at the official exchange rate of N305 to a dollar) for […]
