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Home 2022 June

Monthly Archives: June 2022

Nigerian Bourse Gains N8.15bn as Stocks Rally
News

Nigerian Bourse Gains N8.15bn as Stocks Rally

Marketforces Africa - 0
Oil Theft Rises to 120,000 Barrels Per Day
News

Oil Theft Rises to 120,000 Barrels Per Day

Marketforces Africa - 0
TAJBank to Obtain National Banking License, Expand Branch Network
News

TAJBank to Obtain National Banking License, Expand Branch Network

Julius Alagbe - 0
Nuclear Power to Play Key Role in Clean Energy Transition – IEA
News

Nuclear Power to Play Key Role in Clean Energy Transition –...

Marketforces Africa - 0
CBN Rate Hike Not Signal for Shift in Unorthodox Monetary Policy -Fitch
News

CBN Rate Hike Not Signal for Shift in Unorthodox Monetary Policy...

Marketforces Africa - 0
Nigeria Redeems $300m Diaspora Bond
Financial Market

Nigeria Redeems $300m Diaspora Bond

Marketforces Africa - 0
Stock Market Bucks Uptrend, Sheds N810m
News

Stock Market Bucks Uptrend, Sheds N810m

Olu Anisere - 0
AfDB Launches First ESG African Frontier-Currency Bond
Inside Africa

AfDB Launches First ESG African Frontier-Currency Bond

Marketforces Africa - 0
US Dollar Mixed as Market Awaits Q1 GDP Data
Global Market

US Dollar Mixed as Market Awaits Q1 GDP Data

Marketforces Africa - 0
MONEY MARKET & FIXED INCOME The overnight lending rate was unchanged at 14.0%, in the absence of any significant funding pressure on the system. Trading in the NTB secondary market remained bearish, as the average yield expanded by 12bps to 5.3%. Across the curve, the average yield expanded at the short (+33bps) and mid (+3bps) segments following profit-taking on the 43DTM (+101bps) and 148DTM (+12bps) bills, respectively; but was flat at the long end. Similarly, the average yield expanded by 16bps to 5.3% in the OMO segment. The Treasury bonds secondary market was mixed, albeit with a bullish tilt as the average yield pared by 1bp to 11.1%. Across the benchmark curve, the average yield dipped at the short (-6bps) end as investors demanded the APR-2023 (-27bps) bond, but expanded at the long (+1bp) end due to sell-offs of the JUL-2034 (+3bps) bond. The average yield was flat at the mid segment.
FX Market

Naira Tumbles to N424.88 at Investors & Exporters Window

Marketforces Africa - 0
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