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MarketNews
South African Rand (ZAR) weakened against trading pairs in the forex market on Thursday as global commodity prices fell amid a stronger US dollar.
The naira depreciated strongly against the US dollar in the Nigerian foreign exchange market (NFEM) on Wednesday as pressure on the local currency deepened.
The Central Bank of Nigeria (CBN) repriced the 364-day Treasury bill rate at the midweek auction to 15.89%, with total subscriptions exceeding N1 trillion.
The average yield on Nigerian Treasury bills moderated 4 basis points (bps) to 17.85% as secondary market demand for naira assets rose ahead of the midweek auction.
Nigeria interbank rates diverged amid a surge in excess liquidity in the financial system while banks increased placements at the Standing Deposit Facility (SDF) window.
The Nigerian naira fell to N1,346.7945 in the official foreign exchange market amid a sustained liquidity
The Central Bank of Nigeria (CBN) floated N1.5 trillion in OMO bills for retail and corporate investors
With a sustained rally in sovereign debt, the benchmark yield on Nigerian government bonds
Interest rates on Nigerian Treasury bills (NTBs) declined across standard tenors as the Debt Management