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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
Interbank Rates Mixed as Outflow for FGN Bond Reduces Liquidity The interbank rates diverged in…
The naira fell by 54 basis points to N1,667 against the US dollar midweek as the foreign exchange (FX) market crisis deepened.
Trading activities in the Nigerian government bond secondary market ended on a bullish note amidst a surprising hike in the benchmark interest rate
In the absence of liquidity pressure, interbank rates were still adjusted upward in response to the Central Bank of Nigeria’s (CBN) monetary policy tightening.
The naira experienced strong negative price fluctuation in the foreign exchange (FX) market due to surging demand for import payments. The FX market was unable to meet the willing buyers US dollar demand due to a shortage in the official window.
The equities market capitalization of the Nigerian Exchange (NGX) swelled as investors gained about N105 billion amidst the policy rate hike.