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MarketNews
The Central Bank of Nigeria (CBN) allotted OMO bills to match the aggregate subscription from investors seeking high-yield naira assets at the primary market auction.
Nigerian deposit money banks (DMBs) placements at the Central Bank of Nigeria (CBN) Standing deposit Facility (SDF) window edged higher on midweek as the authority slowdown aggressive liquidity management action.
Excess liquidity in the Nigerian financial system surged about 33% after heavy OMO bill
In March, naira (NGN) rates worsened against the US dollar (USD) across the foreign exchange markets despite significant FX interventions in the official and parallel markets. The naira lost 3%, though the Central Bank of Nigeria (CBN) pumped more than $1 billion official window to oil the forex market inflows.
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GTCO Profit Grows by 89% to N1.02trn, Declares N7.03 Dividend Guaranty Trust Holding Company Plc…
Nigerian Treasury Bills Yield Jumps after CBN Cuts Spot Rate The average yield on Nigerian…
Rates Fall Below 28% over Surplus Liqudity in Banking System The money market rates plunged…