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...
CBN’s Policy Blocks Investors, Banks From N622bn Illegal Earnings
The new Treasury Bills policy of the Central Bank of Nigeria, CBN, has effectively obstructed about N622 billion interest earnings that would have accrued to banks and other individual and corporate investors in the money market.
The...
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...
Fixed Income, Currency Markets Decline To N164.32trn In Q3
Turnover in the Nigerian fixed income and currency (FIC) markets dropped by 26.76 per cent to N14.07 trillion in September 2020, according to latest trading figures released at the weekend. Turnover at the FIC markets for...
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...
In its latest move to further rein in inflation, the Central Bank of Nigeria (CBN) has unveiled plans to mop up a total of N200.322 billion from the Nigerian banking system through a special Open Market Operation (OMO) at the rate of 16 per...
