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MarketNews
The Central Bank of Nigeria (CBN) turned down more than N2.4 trillion in investors’ money as total subscription at the open market operation topped N4.6 trillion, according to auction results reviewed by MarketForces Africa.
Overnight lending rate (OVN) declined slightly as deposit money banks (DMBs) placements
Money market rates headed in different directions as financial system liquidity ended last week in surplus.
The Central Bank of Nigeria (CBN) is scheduled to open NGN700 billion worth of Treasury bills for investors’ subscription this week, according to a primary market auction circular.
Nigerian Treasury Bills Yields Fall on Naira Asset Attractiveness The average yield on Nigerian Treasury…
Financial system liquidity was slightly squeezed due to a large outflow related to the settlement of OMO bills sold by the Central Bank of Nigeria (CBN) to banks and foreign investors.
The naira slid by ₦1.30 to ₦1,363.85 at the Nigerian foreign exchange market …