Yearly Archives: 2024
Browse our exclusive articles!
Naira Rises as Nigeria Renews $2bn FX Swap Deal with China
The naira saw a weekly gain in the foreign exchange markets amidst a $2 billion currency swap deal between Nigeria and China.
Nigeria US Dollar Bond Yield Climbs to 9.54%
The average yield on the Nigerian U.S. dollar bond advanced slightly due to offshore investors that were repositioning
Yield on Nigerian Bonds Rises to 19.75% of Soft Selloff
The average yield on Federal Government of Nigeria (FGN) bonds saw a marginal increase in the secondary market over soft sell pressure, resulting in a slight uptick in the average yield to 19.75%.
Interest Rate on Nigerian Treasury Bills Rises by 10bps
The spot interest rate on the Nigerian Treasury bill was adjusted upward by 10 basis points (bps) at the primary market auction sales on Friday. MarketForces Africa reported that the Central Bank of Nigeria (CBN), through the Debt Management Office (CBN), auctioned N332.53 billion to investors.
Derivative, Contractors Inflows Ease Pressure on Interbank Rates
Derivative, Contractors Inflows Ease Pressure on Interbank RatesInterbank rates eased in the money market as derivatives, contractors, and other inflows lifted liquidity balance in...
