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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…
CBN Reduces Nigerian Treasury Bills Offer after Under Allotment The Central Bank of Nigeria (CBN)…
Taking the top seat as the largest single shareholder, Femi Otedola, First Holdco chairman, has raised his direct interest in the group by 4121% in 12 months to 1.689 billion units, according to audited financial statements released. Indirect shares credited to Otedola also increased by about 28% to 2.543 billion units.
Market Wrap: NGX Index Declines as Stockholders Lose N207bn The Nigerian Exchange (NGX) All-Share Index…
Google Opens Application for 2025 African Startups Programme Google has opened applications for the 2025…
Foreign Investors Hunt after Nigeria’s Eurobonds, Yields Ease Reversing the previous fast and furious sell-down,…
CBN to Offer N400bn Treasury Bills for Subscriptions The Central Bank of Nigeria (CBN) will…
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