Tag: Central Bank of Nigeria
Naira gains 2.5% w/w after CBN’s USD64.00 million intervention; FX reserves...
SAT OCT 19 2024-theGBJournal| The naira appreciated this week by 2.5% w/w to N1,600.78/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM) following the...
Treasury Bills yield spikes by 115bps to 24.3% as liquidity dearth...
...Across the market segments, the average yield advanced by 42bps to 23.1% in the NTB segment and increased by 192bps to 25.7% in the...
Analysis| Ways & Means loans, and the devastating rise in inflation
...Ways Means loans are loans from the Central Bank of Nigeria to government. Used excessively and we argue they have been in recent years...
Nigeria service sector activity accelerates as Purchasing Manager’s Index expands to...
SAT OCT 05 2024-theGBJournal| The Central Bank of Nigeria's (CBN) Purchasing Manager’s Index (PMI) report for September indicate private sector activities remained resilient as...
FOREX| CBN makes total FX spot sale of US$543.5 million to...
...US$39 million was sold on September, offered at the rate of N1580.00/US$-1605.00/US$.
...US$17.500 million was the lowest amount sold (September 23,2024), offered at the rate...
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...
