All posts tagged "WDAS"

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  Demand for dollar drops after elections

  The amount of dollar sold at the Wholesale Dutch Auction System (WDAS) dropped by over 37 per cent on Wednesday, as pressure eased in the aftermath of the elections. Dollar demand, which peaked at $586.4 million at...

  • Posted April 29, 2011
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  Naira Appreciates as Pressure Eases at WDAS

  The naira, Nigeria’s local currency appreciated at the Central Bank of Nigeria’s (CBN) Wholesale Dutch Auction system (WDAS) Wednesday following the successful outcome of the final stage of the general election held in most states on Tuesday....

  • Posted April 28, 2011
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  WDAS: Naira Depreciates as Dealers Raise Dollar Demand

  The Naira, Nigeria’s local currency was slightly hurt against the United States dollar at the Central Bank of Nigeria’s (CBN) Wholesale Dutch Auction System (WDAS) Wednesday following stronger demand for the greenback put up by dealers. THISDAY...

  • Posted April 14, 2011
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  CBN sells $300m at WDAS

  The volume of forex sold at the bi-weekly Wholesale Dutch Auction System (WDAS) inched up by $50million to $400million at yesterday’s trading. The Central Bank of Nigeria (CBN) controlled WDAS had on Monday sold $250 million worth...

  • Posted April 14, 2011
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• Nigeria and food crisis, why FG must face reality

  By Omoh Gabriel, Business Editor Last month, the Food and Agricultural Organisation, an agency of the United Nations, raised alarm that Nigeria, Morocco and Bangladesh face imminent food crisis. The report, posted on the UN agency’s website,...

  • Posted March 28, 2011
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• Naira Slide Attributed to Capital Outflow

  Renaissance Capital Group (RenCap) has attributed the drop in the value of the naira, Nigeria’s local currency against the US dollar in recent times to capital outflow from the Nigerian economy. The international Investment and Financial management...

  • Posted March 26, 2011
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