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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 were mixed as excess liquidity levels in the banking system increased by more than 73%
The money market rates remained steady despite more than a 39% increase in banking system
The Central Bank of Nigeria (CBN) is scheduled to auction N500 billion worth of Treasury bills
The Central Bank of Nigeria (CBN) is anticipated to keep the benchmark interest rate at 26.5% at the policy committee
Banking System Liquidity Declines by 66%, NOFR Unchanged Short-term benchmark money market rates remained relatively…
The Central Bank of Nigeria (CBN) mopped up about N3 trillion from open market operations