7 months ago

21052018 - Foreign investors rattle forex market

  • Text
  • Nigeria
  • Vanguard
  • Lagos
  • Addressed
  • Nigerian
  • Nigerians
  • Buhari
  • Chairman
  • Ebola
  • Delta
Vanguard Newspaper 21 May 2018

21052018 - Foreign investors rattle forex

CONGRESSES: APC disowns parallel executives in Lagos, Rivers, Delta, Imo, Enugu, others 38 &Trends VIDEO-FAKING, PHOTO-SHOPPING ON THE INTERNET: 35 Was the I-G's video doctored? Some govt officials, lawmakers, others working with PDP to dislodge Buhari —Presidency 8 £1m scam: 2 Nigerians jailed in UK 7 VOL. 26: NO. 63553 MONDAY, MAY 21, 2018 Foreign investors rattle forex market Vanguard Conferences arrives A new business knowledge unit, Vanguard Conferences is birthed to raise the information value platform. See PAGE 9 for details. •External reserves record first decline of m; I&E weekly turnover drops 3months low •CBN intervenes with 3m; Exchange rate fluctuates •Appetite for value stocks to drive equities market this week Scores escape death as brave civilians disarm suicide bomber in Yobe 5 WEEKLY I&E TURNOVER TREASURY BILLS YIELD INSIDE Lforeign AGOS—Nigeria’s exchange market came under pressure of increased demand for dollars by foreign investors, leading to the first weekly decline in the nation’s external reserves in nine months. Also reflecting the demand pressure, volume of dollars traded in the one year old Investors and Exporters (I&E) window fell below billion last week, for the first time in three months. This development, which pushed the naira exchange rate in the I&E window to N361.61 per dollar last week Monday, the highest since the beginning of the year, prompted the Central Bank of Nigeria (CBN) to intervene in the I&E window and also doubled its weekly intervention in the interbank foreign exchange market. SEE DETAILS ON PAGE 19 Mr & Mrs The female suicide bomber disarmed at a mosque in Gashua, Gujba Local Government Area of Yobe State, yesterday. In front of her is the explosives belt she was wearing. ANGLICAN CHURCH TO FG: Tell Nigerians whereabouts of 15 Nnamdi Kanu, parents I want to be Africa's biggest philanthropist — DANGOTE DELAYED GRAFT CASES: NJC committee indicts anti-graft agencies, courts, Prisons SOBOWALE 32 COLUMNISTS OWEI 17 OCHEREOME 34 31 HENRY BOYO 9 9

E-Editions 2018

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