Browsing: MARKETS
The Central Bank of Nigeria (CBN) raised N2.087 trillion from OMO and Treasury bills at the primary market auctions last week.
Foreign earnings grew in the third quarter of the year significantly as Nigeria’s weak local currency, the naira, has made exports more competitive in the international trade market.
Nigeria’s Bonds Yields Steady on Quiet Trading The average benchmark yield on Nigerian government bonds steadied in the secondary market…
The naira, Nigeria’s local currency, fell further against the dominant US dollar across foreign exchange markets in the absence of sufficient forex market intervention.
Local investors increased their bets on Nigerian Treasury bills in the secondary market ahead of the Central Bank of Nigeria’s primary market auction schedule to hold on Wednesday.
The interbank rates sank deeply as the liquidity level in the financial system increased significantly week on week after inflows from Remita and Federal Government of Nigeria (FGN) bond coupon payments hit the system.
The Central Bank of Nigeria (CBN) raised a little more than N627 billion from its oversubscribed Treasury bills…
Gold has hit an all-time high in the global commodities market ahead of U.S. election. Gold hit another record high this morning, topping the all-time peak set just yesterday, climbing to $2,789.86/oz, ING said in a note.
Interbank Rates Dip as Liquidity Pressure in Financial Market Eased Interbank rates declined in the money market due to the…
Naira Plummets as Markets Price in Zero FX Intervention The naira plummeted as conditions in the foreign exchange (FX) market…