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Wednesday, August 5, 2020

CBN injects $268.6m, CNY 29.2m into retail SMIS

In its sustained efforts to achieve economic growth, the Central Bank of Nigeria (CBN) on Friday, made an intervention of $268.6million in the retail Secondary Market Intervention Sales (SMIS) and CNY 29.2million in the spot and short tenure forwards segment of the inter-bank foreign...

WeekAheadMoneyMarket: CBN seen roll-over T-bills as Investors target fixed income assets

In the new week, CBN will rollover T-bills worth N33.84 billion, viz: 91-day bills worth N3.39 billion, 182-day bills worth N16.92 billion and 364-day bills worth N13.54 billion. We expect their stop rates to decrease marginally, given the increasing preference for fixed income assets...

CBN Holds Off on OMO Sale as Funding Rates Moderate

Oil Jumps As Saudis Plan Further Production Cuts*** Bonds The Bond market traded on a slightly bearish note on the back of continued profit taking mostly on the 2028s, while bids got weaker across the curve, as market sentiments dampened in anticipation of the February Bond...

NIBOR Moves in Mixed Directions across Maturities Tracked…

In the just concluded week, CBN sold treasury bills worth N640.20 billion in the Secondary Market. The total outflows worth N640.20 billion offset the inflows from the matured T-bills worth N315.55 billion. The net outflow resulted in financial system liquidity squeeze. Hence, NIBOR for...

NITTY Falls for Most Maturities Tracked on Sustained Bullish Activity…

In the just concluded week, CBN auctioned T-bills worth N377.62 billion through the secondary market. The outflows partly offset the inflows from the matured T-bills worth N551.36 billion. The net inflow chiefly contributed to the financial system liquidity ease; hence, NIBOR for overnight funds...

Naira stable at N362.5 /$ in parallel market

The Naira, yesterday, was stable at N362.5 per dollar in the parallel market However, the naira appreciated by 18 kobo in the Investors and Exporters (I&E) window due to an eight percent increase in the volume of dollars traded. Data from FMDQ showed that...

Naira up N364.57 per dollar on Investors and Exporters window

The Naira, yesterday, appreciated to N364.57 per dollar in the Investors and Exporters (I&E) window due to a 21 percent rise in the volume of dollars traded. Data from FMDQ showed that the indicative exchange rate for the window dropped to N364.57 per...

Naira eases as CBN sells $210 mln on FX market

ABUJA, Dec 4 - Nigeria’s central bank said on Tuesday it had injected $210 million into the currency market to increase liquidity after the naira weakened by 1 percent on the black market last week. The local unit eased to 370 from 366 per dollar...

CBN Introduces Special Intervention Of FOREX Cash Sales To BDC Operators

This is to inform Bureau De Change (BDC) Operators and the general public that with the approach of the yuletide season and the resultant increase in the demand for Personal/Business Travel Allowance, the CBN has in addition to the existing market days (Monday, Wednesday...

NITTY Rises for All Maturities Tracked

; 12-Month NITTY Hits 17.38%… At the close of the trading week, CBN auctioned treasury bills worth N150.60 billion in the Primary Market. Amid high demand for short term seucrities, the stop rates for the 91-day and 182-day auctioned T-bills further moderated to 10.90% (from...
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