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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
Nigerian conglomerate John Holt has been attracting equities investors’ attention in the recent past weeks on the Nigerian Exchange. Demand for the stock has remained in an uptrend since the conglomerate returned to profitability.
As the government continues to borrow, Nigeria’s debt clock is predicted to accelerate even more. Total debt to gross domestic product (GDP) is estimated to settle at 54.6% at the end of 2024, analysts at Cordros Securities said in a commentary note.
N40m Diaspora Mortgage: FMBN Disclaims Partnering HXAfrica The Federal Mortgage Bank of Nigeria (FMBN) has…
Nigeria Commits to Fair, Inclusive Multilateral Trading System The Permanent Secretary, Ministry of Industry, Trade…
Central Bank to Penalise Banks Aiding, Abetting Naira Hawking The Central Bank of Nigeria (CBN)…
The naira softened at the official market, traded at N1,652.25 per US dollar at the Nigerian autonomous foreign exchange market on Friday. According to information from the FMDQ Exchange’s official trading platform, the Naira fell N2.05.