Page 2 - வெளிநாட்டு போர்ட்‌ஃபோலீயோ முதலீடு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Nigeria’s foreign reserves record the biggest drop in May 2021 to $34.2 billion. Investment banking analysts said Naira remains overvalued despite the unification of the Central Bank’s (CBN) official and autonomous foreign exchange (NAFEX) rates. The Nigerian local currency has been struggling to retain value amidst scarce foreign currency inflows into the domestic economy. In a new report, investment banking experts at Chapel Hill Denham Limited said they see room for rates adjustment though not certain about timing. The investment stated that despite the improved liquidity at the Investors and Exporters window, naira for dollar rate closed flat across the varying segments last week. Specifically, analysts said rates at the Investors and Exporters window and the central bank’s secondary market intervention sales window closed flat at N412 and N380.7 respectively, noted also spike in arbitrage activities in the FX market.

Hill denhamGodwin emefieleCentral bankNational bureau of statisticsChapel hill denhamReel effective exchange rateMonetary policy committeeChapel hill denham limitedForeign reserves record biggest dropDollar inflowLending financingMonetary policy rateCash reserve requirementNational bureauForeign portfolio investmentமலை டென்ஹாம்