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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…
T-Bills Yield Falls as Unmet Bids, Rates Hike Trigger Demand The average yield on Nigerian…
Money market rates pricing experienced mild pressures over liquidity drag, though the financial system funding profile
Naira Mixed as FPIs Exit Heats Up FX Demand, Spot Rates Unify The naira depreciated…
Zenith Bank Crosses N2trn Ahead of Annual Meeting, Dividend Payment Zenith Bank Plc’s market value…
Equities Investors Gain N378bn as GTCO, Zenith Boost Banking Index Equities investors trading highs and…
DMO Needs to Hike Rates to Keep Foreign Investors – Investment Firm With the latest…
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