Browsing: CBN

The Naira rallied, closing the trading week stronger on Friday, appreciating to N1,380.18 against the United States dollar at the official foreign exchange market.

The Nigerian local currency, the naira, rose against the US dollar (USD) at the official window on Thursday as the nation’s foreign reserves continue to move towards $52 billion.

The market anticipates a bullish run in secondary market transactions for Nigerian Treasury bills on Thursday, a day after the Central Bank of Nigeria (CBN) rejected 60% of the aggregate subscription at its auction.

The Central Bank of Nigeria (CBN) reduced the Treasury bills spot rate by 4 basis points to 17.66%, according to details from primary market auction results obtained by MarketForces Africa.

The average yield on Nigerian Treasury bills declined as fixed income investors piled into positions ahead of the midweek auction, Broadstreet traders said.

The naira tumbled at the Nigerian foreign exchange market (NFEM) on Tuesday, as official trading data…

The Central Bank of Nigeria (CBN) conducted an open market operation on Tuesday, offering N600 billion in OMO bills for subscription across four tenors.

The Central Bank of Nigeria (CBN) is scheduled to raise N750 billion from Treasury bills subscription at the primary market auction on Wednesday.

In the bond market, trading activities reflected bearish investor sentiment ahead of inflation

The average yield on Nigerian Treasury bills traded in the secondary market declined by 4 basis points (4bps) as trading activity opened….