Money market
ECB increases lending to peripheral banks with bonus charge
Banks in Italy and other peripheral euro zone countries are grabbing tens of billions of euros in idle cash from their…
NDIC extends MMO subscribers’ maximum limit to N500,000
Following intense complaints from the Mobile Money Operators in the country, the Nigeria Deposit Insurance Corporation (NDIC) has extended its…
CBN intervenes with $210m in forex market
The Nigerian inter-bank foreign exchange market received another boost with an injection of about $210 million from the Central Bank…
EcobankPay hits N1bn in transactions value
EcobankPay, the lifestyle digital payments and collections service of Ecobank Nigeria has recorded a cumulative transaction value of over N1…
Money market repos record three consecutive months decline
Turnover in the repurchase agreements/buy-backs segment (repos) of the money market has declined consistently from March 2019 where turnover stood…
FAAC inflows to supress Tbills yield this week
In anticipation of the Federal Accounts Allocation Committee (FAAC) inflows this week, market traders are expecting a slight compression in…
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