Browsing: CBN

Deposit money banks borrowed about N1.8 trillion from the Central Bank of Nigeria’s (CBN) standing lending facility (SLF) window to support liquidity requirements, according to updates from the Broadtsreet.

Central Bank to Penalise Banks Aiding, Abetting Naira Hawking The Central Bank of Nigeria (CBN) says it will heavily penalise…

Nigeria’s Inflation Rate Accelerates Faster to 33.88% Inflation rate accelerated faster in October to 33.88%, according to consumer price index…

To bolster liquidity levels in the autonomous foreign exchange market, the Central Bank of Nigeria (CBN) sold $84 million to authorised dealer banks at the FX auction conducted yesterday.

CBN Did Not Recommend Naira Redesign to Ex-President Buhari – Witness A former deputy governor of the Central Bank of…

Africa’s Global Bank, United Bank for Africa (UBA) Plc, will raise N239.4 billion through a Rights Issue of 6,839,884,274 ordinary shares of 50 kobo each at N35.00 per share.

Naira Depreciates Ahead of 2-Week Automated FX Trading Trial The naira depreciated against the US dollar in the official exchange…

Nigeria’s Eurobonds Yield Rises 7bps after U.S Inflation Jumps Average yield on Nigerian Eurobond rose by 7 basis points (bpd)…

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.