Liquidity Mop Up Imminent As N567bn Hits Interbank Market
The Central Bank of Nigeria (CBN) is expected to resume its liquidity mop up this week in response to inflow of N567 billion into the interbank money market.
Last week the apex bank suspended its liquidity mop...
As Interbank Market Gets $541m, Reserves Rebound To N42bn
The nation’s foreign exchange reserves, at the weekend, halted a four-month decline, adding $477 million, accumulated in three trading days, to settle at $42.07 billion.
The accretion has been widely attributed to the trickles of the recently...
CBN Liquidity Mop Up To Persist As N262bn Hits Interbank Market
As part of its liquidity management system, the Central Bank of Nigeria (CBN) is expected to mop up excess liquidity from the banking sector as open market operations (OMO) bill worth N261.9 billion hit...
CBN Injects $498m in Forex Market
The Central Bank of Nigeria (CBN) in it's committment to foreign exchange intervention has injected a total of $498 million into the interbank market
Figures obtained from the central bank showed that it commenced the week by initially injecting $210...
The Nigerian local currency, Naira has gained 50k to exchange at N305.00 to a dollar at the interbank market on Monday November 21, 2016.
The currency had closed at N305.50 for most part of last week at the interbank market.
However, naira remained stable at the...
The Nigerian foreign exchange market was on Wednesday neutral to the victory of Donald Trump in the United States presidential election.
Trump, 70, emerged the 45th president of the US, after beating Democratic candidate, Hillary Clinton.
Although the naira appreciated against the dollar from 465 to...
