Written by The Central Bank of Nigeria (CBN) is the apex monetary authority of Nigeria. It was established by the CBN Act of 1958 but commenced operations on July 1, 1959. The history of the Central Bank of Nigeria can be divided into two phases: the West African Currency Board Phase and the CBN phase. The West […]
The Nigerian Money Market is an important part of the Nigerian financial market. It is the market where short-term and liquid financial instruments are traded. The Money market provides an avenue for individuals, businesses, and governments to access funds that will help them meet their short-term needs. In this post, we will explore the aims, […]
The Nigerian Money Market is a critical component of the country’s financial market.
It is the market where short-term securities like treasury bills, certificate of deposits, are traded.
Several institutions participate in the Nigerian Money Markets. These institutions are the commercial banks, the central bank of Nigeria, merchant banks and discount houses.
In this post, we will take a closer look of these institutions and their contributions to the Nigerian Money market.
The Nigerian money market is an important component of the financial system of Nigeria.
It is part of the Nigerian financial system where short-term securities or liquid securities are bought and sold.
In other words, the money market is the market where short-term debt instruments are traded.
Many instruments are traded or have been traded in the Nigerian money market.
They include treasury bills, treasury certificates, commercial papers, certificates of deposit, stabilization securities, banker unit funds, and eligible development funds.
