- Ripple Dips Amidst Surge in XRPUSD Long Position on Bitfinex
- VAT Income Boosts Nigeria’s Non-Oil Economy, Analysts Positive on Outlook
- Dangote Cement Plans Capacity Boost, Targets 20% Emission Cut
- CBN to Open N700bn in Treasury Bills for Subscription, Rates to Stay Elevated
- Naira Destiny Ties to Hot Money Equation – High Interest Rate, Foreign Capital
- Investors Lose N1.80trn as Bear Run Hammers NGX Index
- XRP Extends 7-Day Gains, Price Rises to $1.18
- Cryptocurrencies Rally as U.S. M2 Money Supply Tops $23trn
MarketNews
The Central Bank of Nigeria (CBN) is scheduled to hold a primary market auction…
Inflows from expired OMO bills and from deposit money banks (DMBs)’ lodgments buoyed liquidity in the financial system, investment firms said in separate market updates.
Money Market Rates Soften Despite OMO, NTB Debits Money market rates softened despite huge outflows…
The Debt Management Office (DMO) is set to open N800 billion worth of Federal Government of Nigeria (FGN) bonds for subscription on Monday.
Money market rates moved in mixed directions as liquidity level in the financial system declined following the debit for Nigerian Treasury bills (NTB) allotment to investors at the midweek auction.
Money market rates showed mixed trends, with the overnight rate increasing 3 basis points (bps) to 22.83%, while the open repo rate remained unchanged at 22.50%.
Nigeria’s Eurobond Yield Dips to 7% as African Issuers Rally Nigeria’s Eurobond yield declined to…