Browsing: Business
CBN Allots N2.1 Trillion OMO Bills to Banks, FPIs at 17.25% The Central Bank of Nigeria (CBN) sold N2.1 trillion…
The short-term benchmark interest rates mixed as a huge OMO bill debit strained liquidity conditions in the money market. The outflow pushed funding costs higher at the close of business on Thursday.
CBN OMO Bills Auction Attracts N5.9 trillion in Subscription The Central Bank of Nigeria (CBN) open market operation (OMO bills)…
Oil Prices Surge as ‘Massive Armada’ Heads Towards Iran Oil prices surged further today as markets now brace for potential…
The Nigerian local currency, the naira, broke the FX rate barrier at the official window, trading below N1,400 per dollar
U.S. President Donald Trump has dismissed concerns that the value of the U.S. dollar has declined too much, arguing instead that the currency has been doing “great.”
Money Market Liquidity Hits N6trn as CBN Refuses OMO Bids The liquidity level in the financial system surged to N6.12…
The Central Bank of Nigeria (CBN) rejected subscriptions totalling N4.9 trillion staked on OMO bills by the eligible market participants at the auction conducted on Tuesday.
Naira Touches N1,400 per Dollar in Nigerian Currency Market The naira appreciated sharply against the US dollar at the official…
The Managing Director of the Niger Delta Development Commission (NDDC), Dr Samuel Ogbuku, says the commission will fully automate its procurement processes