CBN pushes yields higher to maintain FX stability, lower inflation expectations

Nigeria’s balance of payment deficit to hit 7yr high of $9bn in 2020

In a bid to ensure that there is not too much naira flowing around the economy, to curb inflation and demand for dollars, the Central Bank of Nigeria (CBN) is forcing banks to buy stabilisation securities and other short term instruments. This has seen a spike in yields on these short term financi

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