Browsing: Banks

Liquidity: Banks Borrow N1.2trn from Central Bank in 1-Day Nigerian deposit money banks (DMBs) with liquidity deficits made the largest…

The short-term benchmark interest rates tightened in the money market after a huge outflow relating to OMO auction conducted by the Central Bank of Nigeria (CBN) last week.

The naira depreciated against the US dollar in official foreign exchange (FX) market as demand pressures increased after huge rally

Treasury Bills Yield Dips to 25.22% Amidst Inflation Fear The average yield on Nigerian Treasury bills dipped as investors showed…

The naira plunged, losing about N6 per US dollar traded in the official market on Monday due to surging demand….

UK Stagflation Crisis Threatens Demands Action The UK economy is staring down the barrel of the stagflation gun; with stagnant…

Naira Drops as CBN Slows Down US Dollar ‘Pumping’ The naira depreciated by 0.12% to N1,543.03 per US dollar in…

Interbank Rates Increase despite OMO Repayment, CRR Refund Interbank rates increased sharply due to funding pressures despite inflows from cash…

Nigerian Exchange Declines by N152bn as Investors Hit Red Button The equities market capitalisation of the Nigerian Exchange (NGX) declined…

The Nigerian naira fell against the US dollar in the foreign exchange (FX) market as demand pressure began to take shape. Spot FX data from the FMDQ platform