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N490.4bn Inflow To Lift Interbank Liquidity

N490.4bn Inflow To Lift Interbank Liquidity       The interbank money market will enjoy liquidity boost of N490.4 billion from matured treasury bills (T-bills) this week, even as the naira weakened last week depreciated despite foreign exchange (FX) sales resumption. Activity in the bonds market would also be...

Interbank Lending Falls, Govt Redeems N444bn T-Bills

Interbank Lending Falls, Govt Redeems N444bn T-Bills   There was near excess in the quantity of money in circulation last week, save for the increased mop up exercise by the Central Bank of Nigeria (CBN), following the repayments of N66.7 billion and N377.6 billion worth of...

Cost Of Funds Fluctuation To Persist As N600bn Hit Interbank

Cost Of Funds Fluctuation To Persist As N600bn Hit Interbank The fluctuation of cost of funds in the interbank money market will persist this week even as the market enjoys inflow of N600 billion from matured treasury bills (TBs) and statutory allocation funds. Last week...

CBN Injects $195 Million Into Forex Market 

The Central Bank of Nigeria (CBN) has injected a fresh $195 million into the interbank foreign exchange market, as part of its continued bid to maintain liquidity in the market. Figures released by the bank show that it offered a total sum of $100 million...

CBN to Mop up N245bn as Cost of Funds Falls by 50%

The Central Bank of Nigeria (CBN) will this week mop up N245 billion from the interbank money market in a bid to reduce money supply in the economy. Meanwhile, cost of funds in the interbank money market fell by more than 50 percent last...