Tag Archives: OMO

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 …

Nigeria foreign reserves last Thursday rises to $35.77 billion from $33.99billion when it begins early this month. This connotes the nation’s foreign reserves gained $1.78billion, as disclosed by the Central Bank of Nigeria (CBN). The foreign reserves in May stood at an average of $34 billion but jumped to $35.03 …