Browsing: CBN

The naira depreciated further against the dominant US dollar at the Nigerian autonomous foreign exchange (FX) market, settling near N1690 per greenback on Tuesday.

In the bonds market, trading activity remained muted, with the average yield holding steady at 19.41%.  The subdued yield on FGN bonds and tight liquidity in the financial system has keep trading activities in check.

Money Market Rates Surge on Deficit Liquidity in Banking System Money market rates were tightened due to a negative liquidity…

CBN ACTION: The amount of US dollar sold to authorised dealer banks via foreign exchange market auctions fell by about 30% month on month

Nigeria’s Gross External Reserves Cross $40 Billion Nigeria’s gross external reserves increased by $7 billion from the beginning of the…

Nigerian Treasury Bills Rally on Investors Sentiment, Yields Stutter The Nigerian Treasury bills rallied as investors sought to fill unmet…

The naira depreciated to N1681 against the US dollar in the foreign exchange (FX) market as increased demand for forex exposed persistent supply crisis.

The Nigerian naira appreciated in the official window as foreign reserves surged to approximately $40 billion

The benchmark yield on Nigerian government bonds retraced as asset managers, and local deposit money banks with surging liquidity parked their free cash into debt papers.

Fixed interest income investors increased their respective bets on Nigerian Treasury bills in the secondary market ahead of the midweek auction.