- Nigerian Naira Gains 4.7% in 7 Months, Nears Fair Value
- Interbank Rates Mixed as Banking System Liquidity Sinks by 21%
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- CPPE Seeks Reform of Development Finance
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Economy
Wall Street came under pressure as US equities sold off amidst earnings releases…
Money Market Liquidity Hits N6trn as CBN Refuses OMO Bids The liquidity level in the…
The Central Bank of Nigeria (CBN) rejected subscriptions totalling N4.9 trillion staked on OMO bills by the eligible market participants at the auction conducted on Tuesday.
Up by about $510 million in 2026, Nigeria’s foreign reserve hit its highest in the last 8 years, driven by an increase in crude oil production and relative commodity price stability.
The Nigerian Interbank Offered Rate (NIBOR), the benchmark interest rate for short-term, unsecured lending, rose as the Central Bank of Nigeria (CBN) monetary auctions triggered liquidity fluctuation in the money market last week.
Global Growth Outlook to Remain Stable Amidst Headwinds The latest global growth projections from the…
After Spot Rates Hike, DMO Reopens 7, 10-Year Bonds for Sale After the spot rates…