Invest in FGN Monthly Bond Auction – August 2019

Culled–Proshare August 16, 2019/DMO   The Central Bank of Nigeria on the authority of The Debt Management Office on behalf of the Federal Government Of Nigeria Offers for Subscription by Auction and is authorized to receive applications for N40,000,000,000 – 12.75% FGN APR 2023 (5-Yr Re-opening)* N50,000,000,000 – 14.55% FGN […]

CBN To Disburse Lower Currencies To Microfinance Banks

Culled—Proshare August 16, 2019 By CBN  The Central Bank of Nigeria (CBN) has released guidelines for the disbursement of lower denominations of the naira through microfinance banks (MFBs) across the country.    A circular issued by the Director, Currency Operations Department of the Bank, Mrs. Patricia Eleje in Abuja on Thursday, […]

CBN Succumbs to Market Pressures, Raises OMO Auction Rate

Culled—Proshare August 16, 2019 By Zedcrest Capital  Yields in the T-bills market declined by c.30bps from the significant uptrend witnessed in the previous session. This came on the back of the slightly improved system liquidity level in the money market and a slightly lower than expected OMO clearing rate at the auction […]