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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
Trading activities at the Nigerian bonds secondary market ended on a mixed note amidst interest rate hike expectations in the new week.
Despite the intervention of the monetary authority, the exchange rates of the Nigerian local currency,
After the spot rate on one-year bills was raised by 50 basis points to 23.50% at the primary market auction last week,
As liquidity conditions continued to be severely strained, money market rates rose and trended above 32% each.
FBN Holdings Plc’s market value fell by 8%, or about N79 billion, on the Nigerian Exchange as investors exited their position in the financial services company. This has brought its stock market price near its rights offer price.
PZ Cussons Value Drops by 12% as Investors Moods Swing Sell pressures on PZ Cussons…