- Money Market Rates Dip as Financial System Liquidity Tops N4trn
- DMO Targets N5.8 Trillion from Q4 Bond Auctions
- Fuel Price Hike: FG Vows Relief, Cites Global Pressures
- Nigerian Naira Depreciates as Interbank FX Turnover Slumps 78%
- World Bank Commends Nigeria as Private Capital Inflows Hit $6bn
- Obasanjo Seeks Increase in 13% Derivation for Oil-Producing States
- XRP Declines as Standard Chartered Launches RLUSD Custody
- NGX Index Sinks, Investors Lose N407bn as Tier-1 Banks Dip
News
Money Market Rates Dip as Financial System Liquidity Tops N4trn Money market rates eased as net surplus liquidity in the financial system increased by…
Bitcoin (BTC) moved sideways in line with global crypto market performance, holding the $63k price support level amidst the latest round of BTC selling by Strategy Inc.
Ethereum price hovered at $1,855, down by 2% due to a technical breakdown from key resistance levels amid persistent structural concerns.
The money market has been flooded with a significant surge in liquidity amidst the latest open market operation auction, where the Central Bank auctioned OMO bills worth N600 billion for subscription.
The Central Bank of Nigeria (CBN) allotted OMO bills with 141 days to maturity worth N2.523 trillion at the spot rate of 20.10% on Monday to banks and foreign portfolio investors (FPIs).
The naira rose against the US dollar at the Nigerian Foreign Exchange Market (NFEM) amidst a 132% surge in forex market turnover, reflecting increased trading activities at the official window.
Delta Govt. Earmarked $100m for De-Risking Investments -Oborevwori Gov. Sheriff Oborevwori of Delta says the…