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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 Central Bank of Nigeria (CBN) floated OMO bills totalling N600 billion for investors’ subscription
Trading activity in Federal Government of Nigeria (FGN) bonds was bearish, as investors trimmed holdings across the curve in the secondary market amid repricing at the Debt Management Office (DMO) auction for the month.
EBC Financial Group has spotted a conduct gap in Nigerian capital markets after the Securities and Exchange Commission
The Central Bank of Nigeria (CBN) mopped up N4.8 trillion from excess liquidity in the financial system
The average yield on Nigerian Treasury bills jumped 27 basis points (bps) as sell pressure in the secondary market
Money market rates were mixed as the financial system liquidity declined by approximately 38%