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MarketNews
Money market rates tightened amid a surplus of liquidity in the financial system, despite a significant outflow related to the settlement of auctioned OMOs and Treasury bills.
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.
CBN Lifts Restrictions on Banks’ Access to FX, Govt. Securities…
Nigeria’s Sovereign Eurobond Yield Rises to 10.6% Stoked by foreign portfolio investors’ risk-off sentiment, Nigeria’s…
Zenith Bank, UBA Surge after Dividend Markdown Zenith Bank, UBA, and other tier-1 banking names…
Money Market Rates Fall over Liquidity Surplus in Banking System The liquidity surplus in the…
CBN to Refinance Matured Treasury Bills worth N369bn The Central Bank of Nigeria (CBN) will…
Naira Depreciates Despite $50m FX Injection by CBN The naira declined against the US dollar…
Nigerian Exchange Index Rises as Equities Investors Gain N321bn The Nigerian Exchange (NGX) All-Share Index…
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