Year: 2025

Nigeria Bonds Yield Falls as Demand for Naira Asset Rises The average yield on Nigerian government bonds declined as demand…

Oil Prices Rise Amidst Resumption of Iraq Export Oil prices saw moderate uptick in the global commodity market on Monday…

MTN Nigeria Posts Gain as Investors Anticipate Earnings Surprise MTN Nigeria Plc posted further gain in the equities market as…

BUA Foods Slumps as Investors Exit Positions BUA Foods Plc slumped by 10% in the equities market as investors sell…

CBN to Open N700bn Treasury Bills for Subscription As part of an effort to manage liquidity in the financial system,…

FG Begins Construction of Emerging Tech. Institute in Kano The Federal Government (FG) has commenced the construction of a sustainable…

Tinubu Backs Africa-led Credit Rating Agency President Bola Tinubu says he strongly supports an Africa-led credit rating agency (ACRA), saying…

US Trade Policy Adds to Developed Europe’s Economic Recovery Challenges US trade policy presents another hurdle to the economic recovery…

Money market rates rose due to tight liquidity level in the banking system following huge outflow for OMO bills settlement. Due to increase demand for liqudity, deposit money banks accessed funding from the Central Bank of Nigeria (CBN) standing lending facility (SLF) to access funds.

The Central Bank of Nigeria (CBN) intervened in the foreign exchange market with the sales of $66 million to authorised dealer banks.