Tag: Money
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US Dollar Falls Ahead of Economic Data
The US dollar fell against its major trading partners, except for a gain versus the yen ahead of economic data. A slew of soft data and renewed expectations that US President Donald Trump's tariffs will only be a short-lived transactional measure hurt the dollar last week, ING said in a note.
Interbank Rates Fall Amidst Huge Banking System Deficit
Interbank rates eased despite a huge liquidity deficit in the banking system totalling more than N1 trillion. The financial system has maintained a negative liquidity profile in the last five days in the money market in the absence of significant inflows.
Money Market Rates Steady as Banking Deficits Ease
Money Market Rates Steady as Banking Deficits EaseThe short-term benchmark interest rates closed flattish in the money market as liquidity deficit in the banking...
Exchange Rates Gap Drops to N70 as CBN Defends Naira
The Nigerian naira exchange rate dropped to N1,500 per U.S. dollar at the official currency market on Thursday, marking the fourth successive price depreciation due to FX liquidity shortfall.
Liquidity: Banks Borrow N1.2trn from Central Bank in 1-Day
Liquidity: Banks Borrow N1.2trn from Central Bank in 1-DayNigerian deposit money banks (DMBs) with liquidity deficits made the largest single withdrawal from the Central...
