Browsing: Banks
Excess liquidity in the banking system, which peaked above N6 trillion, shrank due to outflows relating to the settlement of OMO and Nigerian Treasury bills sold at the primary market auctions.
The banking system’s excess liquidity surged as the monetary authority maintained its stance of economic tightening while seeking to tame Nigeria’s double-digit headline inflation.
Money Market Rates Mixed as Liquidity Drops by 39% Money market rates showed mixed performance as liquidity in the financial…
The naira regained value at the Nigerian foreign exchange market (NFEM) on Wednesday as improved hard currency liquidity reduced pressures from surging FX demand for international payments and settlements.
Nigerian Overnight Financing Rate Steady on Liquidity Surplus The liquidity surplus in the financial system has kept the Nigerian Overnight…
Overnight lending rate fell, while repo rate stayed unchanged on the back of surplus money market liquidity, supported by activities of banks and primary market repayment.
As the March 31 deadline for the bank recapitalisation exercise of the Central Bank of Nigeria (CBN) draws near, the apex bank says 30 banks have met the new capital requirements.
Money market rates declined moderately, driven by an excess of liquidity in the financial system following a cut in Nigeria’s monetary policy rate (MPR).
Banks Boost Financial System Liquidity Ahead of OMO Debit Banks’ placement at the Central Bank of Nigeria (CBN) Standing Lending…
20 Banks Ready for Recapitalisation, Meet New Minimum Capital Requirements – Cardoso The Central Bank of Nigeria (CBN) says 20…