Author: Ogochukwu Ndubuisi

Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

Investors Bet on FGN Bond as Negative Real Return Narrows

MarketNews

Investors Bet on FGN Bond as Negative Real Return Narrows Fixed interest securities investors demand for Federal Government of Nigeria (FGN) bonds surged in the secondary market amidst hope inflation would continue to decline throughout the remaining part of the year. Disinflation that started in July has reduced negative yields on government assets, financial experts said in a Broadstreet meeting with MarketForces Africa. The gap between real returns has collapsed to less than 7% as inflation (33.40%), which caused benchmark interest rate hikes (26.75%), has started falling. Local investors have been earning negative real return on investment due to elevated…

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Treasury Bills Yield Crash to 21% on Increase Demand

MarketNews

Treasury Bills Yield Crash to 21% on Increase Demand The average yield on Nigerian Treasury bills declined further in the secondary market due to increased demand for the naira asset. The average yield contracted by 12 basis points, according to fixed income market analysts who maintained that disinflation has boosted investors’ sentiment ahead of fourth quarter primary market auctions. In a note, the Central Bank of Nigeria said N2.2 trillion worth of Nigerian Treasury bills will be refinanced in the fourth quarter of 2024. Rates on Nigerian Treasury bills remain high, though the recent past auctions have seen some pricing…

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FX Rates Unify as Naira Depreciates at Official, Black Markets

MarketNews

FX Rates Unify as Naira Depreciates at Official, Black Markets The Nigerian naira depreciated by 0.77% against the US dollar to N1,606.56 in the official market on Wednesday as strong demand for foreign currency exerted pressure on the FX supply. The naira has again crossed the resistance level amidst intermittent foreign currency sales at the official window to boost FX liquidity in the market. Today, official and parallel market rates meet, suggesting that the naira is not really undervalued as the apex bank claimed. Investment banking analysts have maintained that the FX liquidity challenge has remained a headwind, a key…

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