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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
The Securities and Exchange Commission (SEC) says the Investments and Securities Bill (ISB) 2024 has proposed a penalty of N20 million or 10 years imprisonment or both for Ponzi scheme operators.
Money market rates climbed further over a depressed funding profile in the banking system. Due to the absence of significant inflows from maturing instruments, the money market liquidity level closed on negative territory again on Thursday.
Naira Depreciates Ahead of 2-Week Automated FX Trading Trial The naira depreciated against the US…
Access Holdings Plc has announced that its banking group’s, subsidiary, the Access Bank UK Limited has entered into a binding agreement to acquire a majority equity stake in Afrasia Bank Limited. In a statement, the group said Afrasia bank is Republic of Mauritius’ fourth largest bank by total assets.
Nigeria’s Eurobonds Yield Rises 7bps after U.S Inflation Jumps Average yield on Nigerian Eurobond rose…
The money market rates heated up further due to deficit balance in the financial system. The short-term benchmark rates continue to surge in the week after successive primary auction sales caused huge outflow in recent past week.