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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.
The financial system liquidity dipped on Monday as the Central Bank of Nigeria (CBN) debited banks’ cash reserve ratio (CRR) requirement on deposits collected but not disbursed as loans.
The Nigerian Treasury bills yields declined as investors ramped up naira assets via secondary market transactions on Monday.
The Debt Management Office (DMO) under-allotted Federal Government of Nigeria (FGN) bonds to investors despite a top-notch subscription level at the auction conducted on Monday.
The Federal Government says Nigeria’s debt profile has been exaggerated, insisting borrowings under …
The naira experienced a soft rally that pushed the local currency value upward slight….
The financial system was flush with cash, strong enough to keep money market rates stable, supported by FAAC