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Nigerian Exchange (NGX) market capitalisation inched near N126 trillion on Monday, as equities investors gained more than N791 billion in an ongoing bargain hunting.
The Central Bank of Nigeria (CBN) is expected to float an open market operation, where short-term investment securities, OMO bills, will be deployed to mop up excess liquidity in the financial system.
Money market rates fell as deposit money banks (DMBs) stepped up cash lodgment at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window, enhancing financial system liquidity.
The average yield on Nigerian Treasury bills (NTB) dipped to 18.18% amidst subdued trading activities in the secondary market
CBN Allots N2.1 Trillion OMO Bills to Banks, FPIs at 17.25% The Central Bank of Nigeria (CBN) sold N2.1 trillion…
The short-term benchmark interest rates mixed as a huge OMO bill debit strained liquidity conditions in the money market. The outflow pushed funding costs higher at the close of business on Thursday.
The Nigerian local currency, the naira, broke the FX rate barrier at the official window, trading below N1,400 per dollar
The Central Bank of Nigeria (CBN) rejected subscriptions totalling N4.9 trillion staked on OMO bills by the eligible market participants at the auction conducted on Tuesday.
After Spot Rates Hike, DMO Reopens 7, 10-Year Bonds for Sale After the spot rates hike in December, the Debt…
Nigerian, Angolan, and Egyptian sovereign Eurobonds rallied in the international capital market, supported by enhanced optimism among foreign portfolio investors (FPIs).