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MarketNews
Nigerian OMO bills auctioned by the Central Bank last week attracted N6.1 trillion from investors chasing double-digit returns on naira-denominated assets.
Money market rates rose sharply due to a strained liquidity level after a huge OMO auction debit against the balance in the financial system. The Nigerian interbank offered rate (NIBOR) rose across all maturities, indicating tight liquidity in the banking system
The Nigerian naira appreciated in the official window as foreign reserves surged to approximately $40 billion
Bank of Industry Disburses N1bn to Business Owners in Ogun The Bank of Industry (BoI)…
BOI Urges MSMEs to Embrace Presidential Loans Scheme The Bank of Industry (BOI) has urged…
Banking Names Drive Intraday Gain in Equities Market Banking names are trending positively in the…
Fixed interest income investors increased their respective bets on Nigerian Treasury bills in the secondary market ahead of the midweek auction.