Browsing: MARKETS

Naira Falls Across FX Markets as US Dollar Shortage Persists The naira fell off track in the foreign exchange (FX)…

Benchmark Yield on FGN Bonds Steadies at 20.34% Nigerian bonds benchmark yield steadies at 20.34% in the secondary market as…

Interbank Rates Diverge Amidst Huge Liquidity Deficit The short term benchmark interest rates diverged on the back of relatively lower…

Suspension of Export Proceeds Repatriation Extension: Implications for Nigerian Economy On January 8, 2025, the Central Bank of Nigeria (CBN)…

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.