Browsing: Rates

CBN Returns N1.2trn from OMO, TBills Bids, Cuts Rates Nigeria’s attractive short-term investment options continue to attract local and foreign…

Parallel Market Premium Disappears as Naira Exchange Rates Converge The naira declined across Nigeria’s foreign exchange markets as the Central…

Interbank Rates Climb on Financial System Liquidity Swings Money market rates increased moderately, reflecting a tight liquidity condition in the…

Excess Liquidity Keeps Money Market Rates Steady Money market rates were unchanged as banking system liquidity remained positive. The liquidity…

Short-term Interest Rates Fall over Excess System Liquidity The short-term benchmark interest fell moderately in the money market due to…

CBN Hacks Rates on Treasury Bills as Inflation Falls Discount rates on Nigerian Treasury bills fell sharply across standard maturities…

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.

MPC: CBN to Keep Interest Rate on Unchanged- Analysts The monetary policy committee (MPC) of the Central Bank of Nigeria…

Money market rates rose due to tight liquidity level in the banking system following huge outflow for OMO bills settlement. Due to increase demand for liqudity, deposit money banks accessed funding from the Central Bank of Nigeria (CBN) standing lending facility (SLF) to access funds.

Interbank Rates Spike over Liquidity Squeeze in Banking System The banking system slipped into deficit as huge OMO auction settlements…