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MarketNews
The Central Bank of Nigeria (CBN) turned down more than N2.4 trillion in investors’ money as total subscription at the open market operation topped N4.6 trillion, according to auction results reviewed by MarketForces Africa.
Money Market Rates Soften Despite OMO, NTB Debits Money market rates softened despite huge outflows…
The Debt Management Office (DMO) is set to open N800 billion worth of Federal Government of Nigeria (FGN) bonds for subscription on Monday.
Money market rates moved in mixed directions as liquidity level in the financial system declined following the debit for Nigerian Treasury bills (NTB) allotment to investors at the midweek auction.
Money market rates showed mixed trends, with the overnight rate increasing 3 basis points (bps) to 22.83%, while the open repo rate remained unchanged at 22.50%.
Nigeria’s Eurobond Yield Dips to 7% as African Issuers Rally Nigeria’s Eurobond yield declined to…
A flood of inflow from expired investment securities, amid zero liquidity mop-up, drove excess liquidity in the money market higher last week.