Browsing: CBN

Naira Slips as Interbank FX Turnover Reduces at Official Window The naira, Nigeria’s local currency, slipped against the US dollar…

The naira regained value at the Nigerian foreign exchange market (NFEM) on Wednesday as improved hard currency liquidity reduced pressures from surging FX demand for international payments and settlements.

The Nigerian financial system liquidity spiked more than 40% following a significant OMO bill repayment by the Apex Bank to eligible investors on Tuesday.

 The Central Bank of Nigeria (CBN) floated a fresh OMO bill for subscription on Tuesday, aiming to raise N600 billion across three tenors.

Deposit money banks (DMBs) placement at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window dropped by 14% after open market operations.

CBN Foreign Subsidiary Rule Sparks N1.92trn Loss on NGX The stock market on Thursday closed on a negative note as…

The Nigerian local currency, the naira, rallied across the currency markets on Thursday, driven by improved FX liquidity. In its daily FX report, the Central Bank reported that the spot FX rate rose by ₦1.49 to N1355.85 against the U.S. Dollar.

The Central Bank of Nigeria (CBN) continues to price down Nigerian Treasury bills, albeit with a soft touch across standard tenors at the midweek auction.

CBN Hikes ATM Issuance Fee, Cancels Maintenance Charges The Central Bank of Nigeria (CBN) has increased the cost of issuing…

The Central Bank of Nigeria (CBN) drained more cash from the banking system with oversold Treasury bills, with deposit money banks leading the subscription levels.