Cost of funds nosedives as CBN halts liquidity mop-up operations
COST of funds in the interbank money market fell sharply last week, as the Central Bank of Nigeria (CBN), for the first time this year, suspended its weekly liquidity mop-up operations signalling relaxation of its tight money policy. Average short term interest rates nose-dived by 2, 174 basis points (bpts), while interest rate on Collateralised lending fell by 2,066 bpts.
Breaking: CBN retains rate at 14 %
Breaking: CBN retains rate at 14 %
NCC, CBN threaten action against non transparent sale of 9mobile
There are indications that the Nigerian Communications Commission, NCC and its counterpart in the banking sector, the Central Bank of Nigeria, CBN, are querying the decision of the Backlays Africa, to sell 9mobile without advertising “expression of interest”.
Naira down marginally as CBN injects $210m
The Naira, Monrday, depreciated marginally to N360.42 per dollar in the Investor and Exporter (I&E) Foreign Exchange, forex, window, even as the Central Bank of Nigeria, CBN, injected $210 million into the inter-bank forex market.
CBN injects $210m into Forex market
As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) commenced its last meeting for 2017, the bank injected has 210 million dollars into the inter-bank Foreign Exchange Market.
Naira gains 20kobo in NAFEX as CBN injects $195m
The naira, yesterday, appreciated by 20 kobo to N360.20 per dollar in the Investor and Exporter (I&E) Foreign Exchange Window, even as the Central Bank of Nigeria, CBN continued its sustenance of foreign exchange liquidity by injecting another $195 million into the inter-bank Foreign Exchange Market.
