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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) cut interest rates on Nigerian Treasury bills (CBN) after Wednesday’s primary market auction was significantly oversubscribed.
Fixed income market investors locked in yields on naira asset in the secondary market
Ahead of the Federal Reserve’s rate decision, foreign portfolio investors and asset managers dumped Nigerian US dollar
Nigerian Banking System Excess Liquidity Climbs to N7.31trn Keeping money market rates movements in check,…
The Central Bank of Nigeria (CBN) defended the naira by injecting $500 million, equivalent to N1,360.15 to N1,376, into banks amid rising demand for the US dollar in the official window.
Investors in Nigeria’s financial market are positioning ahead of a major primary market auction (PMA) this Wednesday, with ₦ 800 billion in treasury bills up for subscription.