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MarketNews
Money market rates tightened amid a surplus of liquidity in the financial system, despite a significant outflow related to the settlement of auctioned OMOs and Treasury bills.
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.
CBN Lifts Restrictions on Banks’ Access to FX, Govt. Securities…
Spot Exchange Rates Diverge as CBN Sells $471m in 3-Day Spot FX rates diverged as…
Money Market Rates Diverge as FX Settlement Reduces Liquidity Money market rates diverged on the…
Yield Hits 7-Month High as FPIs Exit Nigeria, African Eurobonds With the sustained risk-off sentiments,…
Nigerian Treasury Bills See FPIs Selloffs, Yield Settles Near 20% The average yield on Nigerian…
Foreign Investors Exiting Nigeria Stokes Pressure on Naira The Nigerian naira came under intense pressure…
African Businesses Secure 487 VC Deals in 2024—Report Amidst rising needs for fundraising, Africa’s entrepreneurs’…
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