Browsing: CBN

The naira exchange rate gained across the foreign exchange markets as a surplus FX position keeps demand pressures in check. According to data from the FMDQ platform, the naira spot rate appreciated by 0.18%, closing at N1,541.38 per US dollar in the official market. 

The Central Bank of Nigeria (CBN) raised N2.087 trillion from OMO and Treasury bills at the primary market auctions last week.

Interbank Rates Ease on Tight Banking System Liquidity A huge liquidity deficit in the financial system kept interbank rates elevated…

CBN Sells $28.5m to Banks to Boost FX Liquidity The Central Bank of Nigeria (CBN) made another move to intervene…

Liquidity: Banks Raise N1.54Trn from CBN to Fund Operations Some of the Nigerian banks that were liquidity stressed raised N1.28…

The money market saw a sharp increase in interbank rates at the start of the week, reversing a previous trend, as there were no notable inflows to improve the financial system’s liquidity balance.

Naira Rates Recalibrate as Pressure Hits ‘Dark Economy’ The naira exchange rate in the black market, Nigeria’s untamed dark economy,…

Interest Rate Falls as Investors Bet N2T on OMO Bills The discount rate on Nigerian OMO bills fell to 22.98%…

Nigeria’s Foreign Reserves Increase by 22% in 11-Month Amidst reforms, Nigeria has seen a strong spike in foreign reserves over…

Naira Gains Uninterruptedly, Settles at N1535 in FX Market The naira experienced an uninterrupted gains spanning five days due to…