Tag: Central Bank of Nigeria
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)...
Money Supply hits record N106.27 trillion in July as currency outside...
SUN SEPT 01 2024-theGBJournal| Nigeria's money supply (M3) hit a record N106.27 trillion in July, marking a 62.66% increase from July 2023, despite the...
CBN lifts suspension on Standing Lending Facility, says dealers can now...
TUE AUG 27 2024-theGBJournal| The Central Bank of Nigeria (CBN) announced Monday the lifting of the suspension on the Standing Lending Facility (SLF), a...
CBN’s international payments rises 30.8% y/y to USD3.31 billion in 5M-24,...
...Similarly, we note an increase in direct remittances (+28.5% y/y to USD841.37 million) underpinned by increased payments for international services by Nigerian resident
SAT AUG...
Naira gains +2.7% w/w after CBN’s retail Dutch Auction as FX...
SAT AUG 10 2024-theGBJournal|The Retail Dutch Auction by the apex bank on Tuesday helped ease pressure on the Naira by close of Friday's trading,...
Banks| Will the rights issues succeed?
...The equity market is being asked to raise in the region of N3.0 trillion (once upcoming deals are announced) in capital increases for the...
SERAP sues CBN for failure to explain whereabouts of over N100...
...According to SERAP, “These grave violations also reflect a failure of CBN accountability more generally and are directly linked to the institution’s persistent failure...
Central Bank of Nigeria raises interest rate by 50bps to 26.75%
...The Committee members also voted to adjust the asymmetric corridor to +500bps/-100bps (Previously: +100bps/-300bps),
...retain CRR for Deposit Money Banks at 45.0%, and Merchant Banks...
