Browsing: Business
Tinubu’s Reforms Now Global Reference Point — World Bank The World Bank has commended President Bola Tinubu’s reform drive, describing…
FAAC: FG, States, LGs Share N1.969 trn in December 2025 A total sum of N1.969 trillion, December 2025 federation account…
CBN Allots N2.1 Trillion OMO Bills to Banks, FPIs at 17.25% The Central Bank of Nigeria (CBN) sold N2.1 trillion…
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) open market operation (OMO bills)…
Oil Prices Surge as ‘Massive Armada’ Heads Towards Iran Oil prices surged further today as markets now brace for potential…
The Nigerian local currency, the naira, broke the FX rate barrier at the official window, trading below N1,400 per dollar
U.S. President Donald Trump has dismissed concerns that the value of the U.S. dollar has declined too much, arguing instead that the currency has been doing “great.”
Money Market Liquidity Hits N6trn as CBN Refuses OMO Bids The liquidity level in the financial system surged to N6.12…
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.