Browsing: Money
Yield Hits 19.8% as Uncertainties Stoke Selloff in Bond Market Bond market investors reduced their interest in the Federal Government…
The Nigerian naira crashed further on Monday due to sustained US dollar scarcity challenges and rising forex demand. The authority’s thinking or expectation is not clear as the exchange rate continues to weaken in a country that depends more on imports.
The Nigerian local currency, the naira, tumbled against the US dollar in the official window on Thursday due to lingering FX liquidity crisis that has failed to ease. Data from FMDQ platform where daily spot rate are quoted showed that the Naira depreciated against the dollar by 0.16%, closing at ₦1,485.36 per US dollar.
Treasury bills that were purchased in the fixed interest securities market saw a rise following high bids and allotments at the Central Bank of Nigeria’s (CBN) primary market auction (PMA) last week.
Yield on Nigerian TBills Slides to 16.05% -MarketNews The average yield on Nigerian Treasury bills declined marginally as the market…
Reacting to Nigeria’s worsening inflation surge, the average yield on Nigerian Treasury bills
It was a cold trading session in the Treasury bill market on Thursday as investors continued to weigh…
The average yield on Nigerian Treasury bills rose sharply by 281 basis points Thursday following selloffs in the short …
Nigerian deposit money banks (DMBs) that failed to meet 65% loan-to-deposit target were debited
Amidst liquidity pressures, some Nigerian deposit money banks raised N4 trillion from the CBN