Browsing: CBN

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.

The combined market value of Nigerian Tier-1 banks increased by more than N40 billion week on week, according to data tracked by MarketForces Africa. 

The struggling naira weakened by N67 per the US dollar week on week amidst a new measure to drag out foreign currency

CBN Sells US Dollars to Banks at N1630 With a single focus to keep exchange rate volatility in check, the…

NDLEA Confiscates N4bn Worth of Cocaine at Lagos Airport The National Drug Law Enforcement Agency (NDLEA) has confiscated over N4…

Fitch Ratings has affirmed Nigeria’s credit or long-term foreign currency issuer default rating (IDR) at ‘B-‘ with a positive outlook. The ratings affirmation is supported by the country’s large economy, relatively developed and liquid domestic debt market, and large oil and gas reserves, Fitch said.