Browsing: CBN

The Central Bank of Nigeria (CBN) slowed naira appreciation at the official window and mopped up about $190 million from the local currency market last week.

The Central Bank of Nigeria (CBN) issued N3.5 trillion worth of OMO and Nigerian Treasury bills to investors across two primary market auctions, results revealed.

The Central Bank of Nigeria (CBN) reduced the spot rate on 1-year treasury bills below 16% at the primary market auction on Wednesday due to excess subscription on the naira curve.

The Central Bank of Nigeria (CBN) has again cut rates on Nigerian Treasury bills (NTB) with 91-and 364-day maturities at the midweek primary market auction.

The Central Bank of Nigeria (CBN) is set to conduct its second Treasury Bills auction for the month on Wednesday as investors continue to show interest in the naira curve.

The Central Bank of Nigeria (CBN) came to the market on Monday to sell OMO bills as part of efforts to reduce excess liquidity in the money market.

The naira declined against the US dollar as significant demand for foreign payments slowed the local currency momentum at the Nigerian foreign exchange market (NFEM). 

Naira ‘Swings Right’, Touches Intraday Low of N1,345 The naira swung right against the US dollar, extending its daily rally…

CBN Approves $150k Weekly FX Sales to Licensed BDC The Central Bank of Nigeria (CBN) has approved the participation of…

The Central Bank of Nigeria (CBN) is expected to float an open market operation, where short-term investment securities, OMO bills, will be deployed to mop up excess liquidity in the financial system.