Tag: Central Bank of Nigeria
Total inflows into NAFEM dips 7.1% m/m to US$2.17 billion in...
SAT OCT 05 2024-theGBJournal| Based on data from FMDQ, total inflows into the Nigerian Autonomous Foreign Exchange Market (NAFEM) declined by 7.1% m/m to...
Analysis| The Central Bank of Nigeria and the Naira/US dollar rate
...Could the Central Bank of Nigeria (CBN) organise a rally in the Naira/US$ exchange rate, using its substantial US dollar reserves, which have been...
Naira strengthens after CBN intervention, FX demand pressure remains as FX...
SAT SEPT 28 2024-theGBJournal|The CBN’s consistent effort to support the naira – intervening with USD89.00 million this week – caused the naira to trend...
CBN’s enforcement of the 50.0% loan-to-deposit ratio drives up Credit to...
SAT SEPT 28 2024-theGBJournal| Credit to the Private Sector (CPS) increased by 31.2% y/y to N74.73 trillion in August (August 2023: N56.95 trillion), according...
Central Bank of Nigeria unexpectedly hikes interest rates by 50bps to...
...The MPC faced the pivotal decision – either maintain current rates to allow previous hikes to fully impact the economy or continue rate increases...
Naira ekes out a 0.3% w/w gain at NAFEM as CBN...
...There has been sustained accretion to the FX reserves as the balance reached a 20-month high of USD36.94 billion (as of 13 September), partly...
Cordros Research projects CBN Monetary Policy Committee will keep policy rate...
...Cordros highlighted the dovish signals from the CBN coming off the apex bank’s adjustment of the asymmetric corridor to +500/-100bps around the MPR
FRI SEPT...
Central Bank to sustain Ways and Means advances to the Federal...
TUE SEPT 17 2024-theGBJournal|The Central Bank of Nigeria (CBN) said, in a new guideline published today, that it will sustain its Ways and Means...
Naira bounces 3.0% as NAFEM turnover drops 15.7% WTD to US$980.92...
...In the forwards market, the naira rate decreased across the 1-month (-0.5% to N1,668.65/USD) and 3-month (-0.2% to N1,738.23/USD) contracts
SAT SEPT 14 2024-theGBJournal| Following...
Treasury Bills yield slides 103bps to 20.8% on post-auction demand
...At the money market, the overnight (OVN) rate expanded significantly by 11.56ppts w/w to 31.7% as OMO auction (N459.60 billion) and CRR (N200.00 billion)...
