Browsing: Banks
Naira Drops at Official Window Despite FX Intervention The naira depreciated against the US dollar at the official window despite…
Nigerian Banks Flood CBN with N3.7 Trillion Excess Cash Nigerian commercial banks ended the pre-Christmas period with an unusually large…
Naira Tumbles, FX Shortage Stokes Pressure on Spot Rate The Nigerian local currency, the naira, tumbled against the US dollar…
Naira Softens over Sustained FX Liquidity Tightening The naira softened against the US dollar at the official window as the…
Excess Liquidity: Banks Stick to Risk-Free Bets to Boost Earnings The short-term benchmark interest rate climbed as deposit money banks…
SDF Placements Reduce as Banks Rotate Funds into OMO Bills The amount placed in the Standing Deposit Facility (SDF) of…
Naira Depreciates over Rising Foreign Payments The naira is not getting better at the official and parallel markets despite $100…
Reps Accuse Commercial Banks of Perpetrating Illegal Charges, Deductions The House of Representatives on Tuesday accused commercial banks of perpetrating…
Excess Liquidity: Banks Placements at SDF Window Rise to N3.2trn Deposit money banks’ (DMBs) placements at the Central Bank of…
Repo, Overnight Rates Stead as Banks Increase SDF Placement Repo and overnight lending rates held steadied as deposit money banks…