Browsing: CBN

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.

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…