The Nigerian naira strengthened slightly against the U.S dollar on the interbank market on Wednesday, supported by dollar sales by a unit of ExxonMobil and some offshore investors buying local debt. The naira closed at 157.30 to the dollar on the interbank market, firmer than the 157.35 to the dollar […]
Tag: Dealers
CBN plans N172bn T-bill auction
The Central Bank of Nigeria plans to issue N171.83bn ($1.09bn) in treasury bills ranging from three-month to one-year maturities at its regular bi-monthly debt auction on October 11. The regulator said it would issue N30.16bn in 91-day paper, N73.49bn in 182-day bills and N68.18bn in the 364-day paper next week. […]
Inter-bank rates fall
Inter-bank lending rates eased marginally last week to an average of 10.58 per cent, from 10.83 per cent the previous week, as market liquidity was boosted by repayment of large funds in matured treasury bills. Dealers said about N95bn ($603.75m) in maturing treasury bills hit the system last week, boosting […]
