Money market rates rose sharply due to a strained liquidity level after a huge OMO auction debit against the balance in the financial system. The Nigerian interbank offered rate (NIBOR) rose across all maturities, indicating tight liquidity in the banking system

The Nigerian naira appreciated in the official window as foreign reserves surged to approximately $40 billion

Local deposit money banks (DMBs) and foreign portfolio investors (FPIs), along with other authorized dealers, placed huge stake totaling approximately N1.45 trillion on Nigeria’s OMO bills during the Central Bank of Nigeria’s (CBN) primary market auction on Tuesday.

Bank of Industry Disburses N1bn to Business Owners in Ogun The Bank of Industry (BoI) says it has disbursed the…

Protest: Kyari not Responsible for Fuel Price Hike –NNPCL The Nigerian National Petroleum Company Limited (NNPC Ltd.) says its Group…

Judiciary’s Role Crucial in Nigeria’s Digital Transformation -NCC The Nigerian Communications Commission (NCC) has called on the judiciary to play…

BOI Urges MSMEs to Embrace Presidential Loans Scheme The Bank of Industry (BOI) has urged Micro Small and Medium Enterprises…

FCCPC Task DisCos on Consumer Involvement in Electricity Bands Classification The Federal Competition and Consumer Protection Commission (FCCPC), has called…

The Transmission Company of Nigeria (TCN), says the national grid experienced a partial disturbance at about 1.52 p.m. following series of lines and generators tripping.

NGX Rises by N131bn as Selloffs Pressures Pause The Nigerian Exchange (NGX) market capitalisation rose by about N131 billion as…