Browsing: Banks

Local deposit money banks (DMBs) and foreign portfolio investors (FPIs), along with other authorized dealers, placed huge stake totaling approximately N1.45 trillion on Nigeria’s OMO bills during the Central Bank of Nigeria’s (CBN) primary market auction on Tuesday.

The benchmark yield on Nigerian government bonds retraced as asset managers, and local deposit money banks with surging liquidity parked their free cash into debt papers.

Fixed interest income investors increased their respective bets on Nigerian Treasury bills in the secondary market ahead of the midweek auction.

US dollar inflows into the Nigerian autonomous foreign exchange (FX) market hit 5-month high in October, investment firms said quoting data from the FMDQ

Nigerian Treasury, OMO Bills Yields Rise Ahead of Auction The average yield on Nigerian Treasury and OMO bills increased in…

The total assets of Nigeria’s top 5 banks surged by more than 55% year to date to settle at N146.34 trillion

The combined market value of Nigerian Tier-1 banks increased by more than N40 billion week on week, according to data tracked by MarketForces Africa. 

Interbank Rates Dip as Remita, Signature Bonus Boost Liquidity Interbank rates were kept in check as signature bonuses, a non-refundable…

NDLEA Confiscates N4bn Worth of Cocaine at Lagos Airport The National Drug Law Enforcement Agency (NDLEA) has confiscated over N4…

Fitch Ratings has affirmed Nigeria’s credit or long-term foreign currency issuer default rating (IDR) at ‘B-‘ with a positive outlook. The ratings affirmation is supported by the country’s large economy, relatively developed and liquid domestic debt market, and large oil and gas reserves, Fitch said.