Central Bank cuts interest rate to boost economy
India’s central bank, on Thursday, unexpectedly lowered interest rates and, as anticipated, shifted its stance to “neutral” from “calibrated tightening” to boost a slowing economy after a sharp fall in the inflation rate.
Investors anticipate higher yields on TBs as N786bn hit interbank market
The Central Bank of Nigeria (CBN) is expected to offer higher yields on treasury bills to be auctioned this week in a bid to mop up N786 billion inflow into the interbank money market this week.
CBN unveils strategy to achieve 80% financial inclusion
The Central Bank of Nigeria, CBN, yesterday, unveiled the revised National Financial Inclusion Strategy designed to ensure that 80 per cent of Nigerian adults have access to financial services by 2020.
CBN to sell N823.4b worth of t-bills in Q1
The Central Bank of Nigeria (CBN) says it plans to raise treasury bills worth N823.43 billion in the first quarter of 2019.
CBN spent N2.36tr to mop up N18.7tr in 2018
THE Central Bank of Nigeria, CBN, is estimated to have spent about N2.36 trillion to mop up N18.7 trillion through OMO treasury bills from the interbank money market in 2018.
CBN’s forex intervention rises 118% to $48bn
THE Central Bank of Nigeria, CBN, cash injection into the nation’s foreign exchange market rose by 118 percent to about $48 billion in 2018 from $22 billion in 2017.
