Browsing: Banks

Liquidity Deficit in Banking System Keeps Interbank Rates Elevated The liquidity deficit in the banking system kept the short-term benchmark…

As banks sold their holdings to satisfy funding demand, the average yield on Nigerian Treasury bills increased to 25.64% in the secondary market.

Nigeria’s 5-year bonds were priced higher by 14 basis points (bps) at the primary market auction (PMA)  conducted by the Debt Management Office (DMO) on Wednesday.

Naira Plummets, CBN Intervenes in FX Market 3 Times The Nigerian naira lost against the dominant U.S. dollar across foreign…

Interbank Rates Ease on Tight Banking System Liquidity A huge liquidity deficit in the financial system kept interbank rates elevated…

Liquidity: Banks Raise N1.54Trn from CBN to Fund Operations Some of the Nigerian banks that were liquidity stressed raised N1.28…

The money market saw a sharp increase in interbank rates at the start of the week, reversing a previous trend, as there were no notable inflows to improve the financial system’s liquidity balance.

SEC Charges Banks to Strengthen Corporate Governance The Securities and Exchange Commission (SEC) has called on banks to reinforce their…

Shettima Tasks Banks on Cash Availability The Vice-President, Sen. Kashim Shettima has urged Nigerian Deposit Money Banks (DMBs) to ensure…

Money market rates rose apiece as outflows relating to the Treasury auction sales by the Central Bank of Nigeria (CBN) on Wednesday dragged the liquidity balance in the financial system downward.