Browsing: CBN

Money market liquidity topped N6 trillion at the close of the trading session last week despite a substantial rise from the open market operation conducted by the Apex Bank.

Excess liquidity in the banking system, which peaked above N6 trillion, shrank due to outflows relating to the settlement of OMO and Nigerian Treasury bills sold at the primary market auctions.

The naira slipped against the US dollar as a 6% weekly drop in Bonny Light tightened inflows from hydrocarbon FX receipts, keeping Nigeria’s external reserves balance below $49 billion.

Nigerian Treasury Bills Rally after Midweek Rates Swing The Nigerian Treasury bills rallied in the secondary market after the Central…

The banking system’s excess liquidity surged as the monetary authority maintained its stance of economic tightening while seeking to tame Nigeria’s double-digit headline inflation.

Nigeria’s Current Macroeconomic Environment Sufficient for Disinflation – Cardoso The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi…

CPPE Backs CBN for Holding Monetary Policy Rates The Centre for the Promotion of Private Enterprise (CPPE);has praised the Central…

The Central Bank of Nigeria (CBN) monetary policy committee (MPC) maintained the status quo on rates at the end of a two-day meeting on Wednesday.

The Central Bank of Nigeria (CBN) is scheduled to open N650 billion worth of Treasury bills for subscription at the primary market auction on Wednesday, according to details from the circular released.

Money Market Rates Mixed as Liquidity Drops by 39% Money market rates showed mixed performance as liquidity in the financial…