Browsing: CBN

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…

The naira depreciated against the US dollar on Monday at the Central Bank of Nigeria’s Foreign Exchange Market (NFEM) as FX inflow remained stiff.

Open repo, and overnight lending rates were steadied despite a surge in liquidity level in the financial system last week. The money market closed with excess liquidity of about N6 trillion despite primary market auctions.

The Central Bank of Nigeria (CBN) closed N2 trillion in OMO bills sales with foreign portfolio investors and deposit money banks at the primary market auction on Friday.

Naira Opens Weak, Nigeria’s FX Reserves Signal Uptrend The Nigerian naira opened weak on Monday after a weekly value depreciation…