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MarketNews
The Central Bank of Nigeria (CBN) is scheduled to open Nigerian Treasury bills…
Excess liquidity in the banking system, which peaked above N6 trillion, shrank due to outflows relating to the settlement of OMO and Nigerian Treasury bills sold at the primary market auctions.
Nigerian Treasury Bills Rally after Midweek Rates Swing The Nigerian Treasury bills rallied in the…
The Nigerian overnight financing rate (NOFR) was steadied at 22% amid fluctuations in banking system liquidity, market analysts said in a separate report.
The banking system’s excess liquidity surged as the monetary authority maintained its stance of economic tightening while seeking to tame Nigeria’s double-digit headline inflation.
The Central Bank of Nigeria (CBN) is scheduled to open N650 billion worth of Treasury bills for subscription at the primary market auction on Wednesday, according to details from the circular released.
Money Market Rates Mixed as Liquidity Drops by 39% Money market rates showed mixed performance…