HomeTagsOBB

Tag: OBB

Banks Borrowing From CBN Increase By 174% To N2.4trn

Banks Borrowing From CBN Increase By 174% To N2.4trn     In apparent reflection of the intense scarcity of funds that prevailed in the interbank money market in April, banks’ borrowing from the Central Bank of Nigeria (CBN) rose by 174 per cent to N2.48 trillion from...

Fed Govt Borrows Over N2trn From Bond Investors In 2020

Fed Govt Borrows Over N2trn From Bond Investors In 2020       Leveraging on excess liquidity that persisted in the banking system and the near zero yields on treasury bills (TBs), the Federal Government, through the Debt Management Office (DMO), raised N2.1 trillion from investors in its...

Banks’ Average Daily Deposit With CBN Drops To N48.32bn

Banks’ Average Daily Deposit With CBN Drops To N48.32bn       The Central Bank of Nigeria (CBN) says the average daily deposit amount of N84.27 billion in 246 transaction days in 2018 dropped to N48.32 billion in 251 transaction days in 2019. This was contained in the bank’s...

Liquidity Mop Up Imminent As N567bn Hits Interbank Market

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...

Cost of funds rises as market liquidity drops to N96bn

Cost of funds rose significantly in the interbank money market last week following series of liquidity outflow which caused market liquidity to fall by 26 per cent to N96 billion, week-on-week (WoW). During the week, the interbank money market experienced outflow through treasury bills sale...

Nigerian interbank rates rise to 5.3%

The interbank lending rates- Open Buy-Back (OBB) and overnight trended upward throughout last week, closing 4.8 per cent and 5.3 per cent respectively at the weekend. Curiously, the trend defied the N44.3 billion coupon payment on the Federal Government’s 2024 bond, which raised system’s liquidity. The...