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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 declined by 90 basis points (bps) in the secondary market as investors increased bets on naira assets, prompting sharp repricing.
The financial system liquidity increased as deposit money banks (DMBs) parked funds…
The spot rates on Nigerian OMO bills have been slashed below 18%, according to details from the Central Bank of Nigeria (CBN) open market operation on Thursday.
The money market rates eased as the new policy corridor took effect after the Central Bank
The spot rates on Nigerian Treasury bills fell below 16% across standard tenors…
The average yield on Nigerian Treasury bills declined slightly to 18.81% ahead of the midweek auction