Browsing: CBN

The naira’s purchasing power dropped sharply at the official window as foreign payments initiated exceeded the US dollar liquidity at the currency market.

Money market rates declined moderately, driven by an excess of liquidity in the financial system following a cut in Nigeria’s monetary policy rate (MPR).

The Central Bank of Nigeria (CBN) is poised to open Treasury bills for subscription at the primary market auction on Wednesday to efficiently refinance maturing securities.

The Central Bank of Nigeria (CBN) has made another foreign exchange market intervention this week to address the ongoing depreciation of the naira.

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) from 27 per cent to 26.5 per cent.

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.