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Economy
Fitch Ratings has revised the outlook on Nigeria’s Long-Term Issuer Default Ratings (IDRs) to positive from stable and affirmed the IDRs at ‘B’.
CBN Allots N2.1 Trillion OMO Bills to Banks, FPIs at 17.25% The Central Bank of…
The short-term benchmark interest rates mixed as a huge OMO bill debit strained liquidity conditions in the money market. The outflow pushed funding costs higher at the close of business on Thursday.
CBN OMO Bills Auction Attracts N5.9 trillion in Subscription The Central Bank of Nigeria (CBN)…
The Nigerian local currency, the naira, broke the FX rate barrier at the official window, trading below N1,400 per dollar
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.