Browsing: Money

The short-term benchmark interest rates tightened in the money market after a huge outflow relating to OMO auction conducted by the Central Bank of Nigeria (CBN) last week.

Liquidity pressures in the Nigerian banking system declined as inflows from the Federal Accounts Allocation Committee (FAAC) bolstered the amount in the banking system.

MULTIVERSE was the top loser, with a price depreciation of -9.87%. Other decliners include MAYBAKER (-9.78%), REDSTAREX (-4.75%), HONYFLOUR (-4.74%), MTNN (-3.63%), and DANGSUGAR (-2.73%).

Interbank Rates Decline as Banking System Deficit Moderated The banking system is facing a huge liquidity deficit, which at the…

Trading activities in the Treasury bills market ended on a bullish note even when the data showed that Nigeria’s headline inflation

Naira Pulls Back as CBN Contribution in FX Market Shrinks The naira is pulling back in a successive manner across…

Invest: Creating a Path to Financial Freedom As people age, priorities shift. What once seemed vital—career milestones, climbing the corporate…

Short-term Rates Increase Sharply as Banking System Liquidity Dips Money market rates increased sharply as liquidity levels in the Nigerian…

Naira Plummets as FX Demand, Supply Remains Imbalance The naira plummeted in the foreign exchange market on Wednesday as demand…

Interbank Rates Increase despite OMO Repayment, CRR Refund Interbank rates increased sharply due to funding pressures despite inflows from cash…