CBN hikes rates to 17.59% despite overwhelming N4.4 trillion bid against N700 billion offer
CBN hikes rates to 17.59% despite overwhelming N4.4 trillion bid against N700 billion offer The Central Bank of Nigeria (CBN) raised the stop rate on its benchmark 364-day Treasury Bill to 17.59% at Wednesday’s auction, defying expectations that overwhelming demand... Read More →
NGX sheds N1tn on sell-offs in BUA Foods, banking stocks
NGX sheds N1tn on sell-offs in BUA Foods, banking stocks The Nigerian equities market displayed notable volatility during trading on Wednesday, closing on a downward trajectory. The benchmark All-Share Index retreated to 243,967.09 points, down from Tuesday’s reading of 246,723.57.... Read More →
SEC sets 5pm cutoff for T+1 equities, commodities trade
SEC sets 5pm cutoff for T+1 equities, commodities trade The Securities and Exchange Commission has fixed 5:00pm on the first business day after a transaction (T+1) as the settlement deadline for equities and commodities traded and settled through the Central... Read More →
In New Policy Tweak, CBN Removes Discount Window Restrictions on FX, Government Securities Transactions
In New Policy Tweak, CBN Removes Discount Window Restrictions on FX, Government Securities Transactions • Broadens OMO participation as individuals, corporates, non-bank financial institutions gain access to market through banks •Resumes tenored repo operations of up to 90 days to... Read More →