Tag: Money
Browse our exclusive articles!
Naira Depreciates after CBN Releases Update on FX Trading Rules
Naira Depreciates after CBN Releases Update on FX Trading RulesThe naira depreciated against the US dollar in the foreign exchange market ahead of the...
Money Market Rates Diverge as Liquidity Deficit Widens
Money Market Rates Diverge as Liquidity Deficit WidensInterbank rates mixed in the money market as the liquidity deficit extended further on Tuesday ahead of...
Short-term Benchmark Interest Rates Rise on Tight Liquidity
The short-term benchmark interest rates have continued to rise as the financial system's liquidity balance collapsed due to an outflow associated with Treasury bill payments.
Interbank Rates Sink as Remita, Coupon Payment Boost Liqudity
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.
Naira Softens as Foreign Currency Shortfall Lingers
The naira softened at the official market, traded at N1,652.25 per US dollar at the Nigerian autonomous foreign exchange market on Friday. According to information from the FMDQ Exchange's official trading platform, the Naira fell N2.05.
