Browsing: CBN

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.

CBN Signals Preference for Naira Stability, Purchases $72m The Central Bank of Nigeria (CBN) aims at stabilizing the naira exchange…

Money market rates fell as deposit money banks (DMBs) stepped up cash lodgment at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window, enhancing financial system liquidity.

BoI Secures CBN Approval to Operate Non-Interest Banking Window The Bank of Industry (BoI) has secured regulatory approval from the Central…

The Nigerian naira traded positively against the US dollar (NGNUSD) at the official window in the absence of demand pressures with the Apex Bank initiating reversed FX intervention to slowdown rally.

CBN Cuts 1-Year Treasury Bill Rate by 138bps, Rejects Bids The Central Bank of Nigeria (CBN) cut the spot rate…