Author: Marketforces Africa

Fitch has affirmed Germany’s Long-Term Foreign-Currency Issuer Default Rating at ‘AAA’ with a Stable Outlook.

CRR Refund Boosts Nigerian Banks’ Liquidity Positions The Central Bank of Nigeria’s (CBN) Cash reserve debits refund released to deposit money banks (DMBs) in Nigerian halted the deficit run in the financial system on Monday. With the inflows, the financial system’s liquidity level improves, forcing a downward rate repricing on short-term benchmark rates in the money market. As a result of pressures on their respective liquidity position, banks have been borrowing from the CBN lending facility. Deposited sum at the alternative window for cash-rich lenders has been minimal –signalling possible pressures on liquidity. At the close of business, there is…

The Debt Management Office, on Monday offered two Federal Government of Nigeria Savings Bonds

Oil edges higher first trading day in the new week amidst a weak supply outlook following large production cut

Nigeria’s private sector activities downturn deepened in March according to Purchasing Manager Index.

Nigeria has, again called on the United Nations and the International Tax Community to forge an inclusive …

Over the next 24 months, GCR Ratings has indicated an expectation that the downstream oil sector player

The local bond market closed on a bearish note amidst inflation and worsening exchange rate pressures …

In the secondary market, the average yield on Nigerian Treasury bills rose as investors, especially local banks

Telecom operators regulator, Nigeria Communication Commission (NCC) is to build emergency communication …