- Guinness Nigeria Profit Surges 53%, Declares N7 as Dividend
- Access Holdings Loses 6% of Market Value as Bears Strike
- Senate Rejects NMDPRA’s PMS Import Records, Summons Agency Heads
- FirstHoldco Drops by 20.6% Post Short-Term Buying Frenzy
- GCR Affirms Premium Trust Bank Credit Ratings, Revises Outlook
- FirstHoldco, Zenith Bank Drag NGX Index, Investors Lose N516bn
- Trump: US Taxpayers Tired of Funding Ukraine, Zelenskyy Must Make Deal With Russia
- WHO Advises Against Travel Curbs as Nigeria Confirms Ebola Case
MarketNews
Excess liquidity in the Nigerian financial system surged about 33% after heavy OMO bill
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.
With deposit money banks (DMBs) sustaining activity in the Standing Deposit Facility (SDF), financial system conditions continue to improve in the absence of open market operations and other primary market actions thus far this week.
The total deposits by deposit money banks (DMBs) at the Central Bank of Nigeria’s (CBN) Standing Deposit Facility (SDF) rose to N2.52 trillion on Monday, reinforcing strong liquidity in the market.
Money market rates fell as deposit money banks (DMBs) stepped up cash lodgment at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window, enhancing financial system liquidity.