Browsing: Money

Investors Boost Treasury Bills Holdings Ahead of Auction The average yield on Nigerian Treasury bills slumped slightly in the secondary…

Interbank rates eased in the money market following a moderate inflow and signature bonus that boosted the balance in the financial system at the beginning of the week. The market also received N9.52 billion in FGN coupon payments.

Naira Plummets, CBN Intervenes in FX Market 3 Times The Nigerian naira lost against the dominant U.S. dollar across foreign…

Money market rates rose apiece as outflows relating to the Treasury auction sales by the Central Bank of Nigeria (CBN) on Wednesday dragged the liquidity balance in the financial system downward. 

Naira Depreciates after CBN Releases Update on FX Trading Rules The naira depreciated against the US dollar in the foreign…

Money Market Rates Diverge as Liquidity Deficit Widens Interbank rates mixed in the money market as the liquidity deficit extended…

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.

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.

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.

Money market rates climbed further over a depressed funding profile in the banking system. Due to the absence of significant inflows from maturing instruments, the money market liquidity level closed on negative territory again on Thursday.