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MarketForces Finance
The naira destiny has been successfully tied to hot money equation – high interest rate can only broing foreign capital
Money market rates fell as deposit money banks (DMBs) stepped up cash lodgment at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window, enhancing financial system liquidity.
The average yield on Nigerian Treasury bills (NTB) dipped to 18.18% amidst subdued trading activities in the secondary market
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.
The Nigerian local currency, the naira, broke the FX rate barrier at the official window, trading below N1,400 per dollar
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.