Tag: Central Bank of Nigeria
Nigeria’s manufacturing activity broadly stabilized in October, new orders index expands...
By Audrey Lotechukwu
WED, 28 OCT, 2020-theGBJournal-The Manufacturing PMI in the month of October stood at 49.4 index points, reflecting substantial improvement in manufacturing activity...
Nigeria’s FX reserves rebound by $1.77 million as OMO maturities, FGN...
SAT, 24 OCT, 2020-theGBJournal-Nigeria’s FX reserves increased by USD1.77 million w/w to USD35.67 billion, as inflows offset outflows for CBN’s interventions across the various...
Bond yield contracts 76bps to 4.2% as Debt Management Office allots...
SAT, 24 OCT, 2020-theGBJournal-Activities in the Treasury bills secondary market remained strong, as the buoyant system liquidity and retail demand sustained active trading in...
Nigeria’s Current Account records eighth consecutive quarterly deficit
SAT, OCT 10 2020-theG&BJournal-Nigeria’s Current Account (CA) recorded its eighth consecutive quarterly deficit in Q2-20 at USD3.23 billion. The deficit was largely underpinned by...
Markets: FX reserves decline by $22.00 million w/w, bond average yield...
SAT, 03 OCT, 2020-theGBJournal-Nigeria’s FX reserves declined by USD22.00 million w/w to USD35.72 billion, as FX outflows outpaced inflows. Across the FX windows, the...
Fitch revises Nigeria’s outlook to stable, affirms at ‘B’
FRI, 02 OCT, 2020-theGBJournal-Fitch Ratings has revised the Outlook on Nigeria's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the...
FX reserves drops by $47.33 million, Naira gains in the forwards...
SAT, 26 SEPT, 2020-theGBJournal-Nigeria’s FX reserves recorded its first weekly decline in five weeks, falling by USD47.33 million w/w to USD35.77 billion. Across the...
Markets: Bullish bias for bond as CBN prepares to offer N145.00...
TUE, 22 SEPT, 2020-theGBJournal-The domestic bourse closed higher on the back of interest in MTNN (+2.4%), thus the ASI advanced by 0.3% to 25,654.90...
Central Bank of Nigeria slashes Monetary Policy Rate to 11.5%
By Charles Ike-Okoh
TUE, 22 SEPT, 2020-theGBJournal-The Central Bank of Nigeria (CBN) has cut the Monetary Policy Rate (MPR) to 11.5% from 12.5%, signalling the...
Central Banking beyond the normal
By Arize Nwobu
TUE, 22 SEPT, 2020-theGBJournal-In accordance with how central banks in developing countries should operate, the Central Bank of Nigeria (CBN) is making...