Nigerian Breweries Plc N16.49 billion Series 1, N5.03 billion Series 2, and N45.74 billion Series 3 Commercial Papers (CPs) under its N100 billion CP Programme were admitted on the FMDQ Securities Exchange Limited platform on January 30, 2023. The brewer’s CPs met the FMDQ Exchange Commercial Paper quotation requirements and …
Read More »Nigerian Banks Battle Liquidity Shortfall, Borrow from CBN Facility
While striving to keep their cash balance demands strong, some Nigerian deposit money banks (DMBs) have continued to battle liquidity pressures amidst rising short-term interest rates in the money market. In recent times, the local banks have been selling their respective position in the Nigerian treasury bills to raise funds …
Read More »Forex Transactions at Investors, Exporters’ Window Rise 59.37%
Foreign exchange (Forex) transactions at the Investors’ & Exporters window increased by 59.37 per cent last week, according to FMDQ Securities Exchange Limited. The Central Bank of Nigeria had in April 2017 amid severe forex scarcity created the I&E window in a bid to boost liquidity in the forex market …
Read More »CBN Records N2.31 Trillion Currency in Circulation for April
The Central Bank of Nigeria (CBN) has disclosed that currency in circulation increased to N2.31trillion in April 2020. This, according to the apex bank, was reached over increased bank customers’ withdrawal amid the coronavirus pandemic lockdown. Recall, President Muhammadu Buhari had on March 29, ordered an initial lockdown for 14 …
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