Browsing: CBN

The naira slid against the US dollar as the currency market faced mild demand pressure. Demand for foreign currency grew at a higher speed than the amount available to settle transactions.  

The naira saw a weekly gain in the foreign exchange markets amidst a $2 billion currency swap deal between Nigeria and China.

Derivative, Contractors Inflows Ease Pressure on Interbank Rates Interbank rates eased in the money market as derivatives, contractors, and other…

CBN to Offer N332bn Treasury Bills for Subscription on Friday The Central Bank of Nigeria (CBN) will offer Treasury bills…

Naira Mixed as CBN Turns Aggressive with FX Interventions The naira exchange rates mixed across foreign exchange markets ahead of…

CBN Defends Naira, Sells Dollars to Banks 4 Times The Central Bank of Nigeria (CBN) became aggressive in its forex…

Interbank rates soared in the money market on the back of an extended liquidity deficit pattern in the banking sector. The short-term benchmark interest rates settled at double digits high due to a liquidity shortfall in the money market last week.

Naira Sinks, CBN Double Down Forex Market Interventions The naira lost against the US dollar in the Nigerian Foreign Exchange…

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.