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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.
Money market rates remained relatively stable, supported by excess liquidity in the banking system
The benchmark yield on Nigerian government bonds rose 11 basis points week on week to 15.92%
Excess Liquidity in Banking System Soars 37% Ahead of OMO Debit Excess liquidity in the…
Nigeria’s recent monetary policy rate recalibration is credit positive for deposit money banks…
The Central Bank of Nigeria (CBN) raised about N4.7 trillion (N4,686,266,639,000) from fixed-interest securities investors through OMO bill allotments across three maturities.
Nigerian OMO bills auctioned by the Central Bank last week attracted N6.1 trillion from investors chasing double-digit returns on naira-denominated assets.