Amidst renewed interest on long-dated instruments, the interest rate on government bonds slides 4 basis points on Friday while the Treasury bill closed flat. Analysts said the improved trend of financial system liquidity seen earlier this week upturned as the deficit increased from N74.10 billion on Thursday to N448.50
Nigeria’s central bank decision to unified foreign exchange (FX) rates is expected to unlock a $1.5 billion loan from the International Monetary Fund (IMF) which required the convergence of the monetary policy authority’s multi-tiered exchange rates as a pre-condition for disbursement. Move to unified rates comes
Expansionist Fulani elders and youths are throwing tantrums, pleading, killing, maiming, kidnaping, and waiting for the Federal Government to allot them land
Average yields on Nigerian Treasury bills (T-bills) inched up as the Federal Government of Nigeria (FGN) postponed an auction that was initially scheduled for Tuesday. As analysts had projected, a total of N90 billion open market operations (OMO) maturity hit the financial system today to bolster liquidity. Chapel Hill
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