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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.
Nigeria Debt Management Office (DMO) raised N288 billion from a 10-year bond introduced at its September 2026 primary market auction at the spot rate of 16.79%.
The Debt Management Office (DMO) is scheduled to conduct its monthly Federal Government
The Central Bank of Nigeria (CBN) cut the spot rate on Nigerian Treasury bills with a 1-year tenor
Nigerian government has continued to reduce spot rates on short-term investment securities amid improved macroeconomic conditions.
Money market short-term funding rates ease on one side amid a bloated liquidity balance in the financial system. The overnight lending rate declined 3 basis points, but the repo rate remained unchanged at 22%.
The Central Bank of Nigeria (CBN) sold OMO bills totalling about N4.4 trillion across three tenors