Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

Fixed Income Market Trades Quiet as Naira Loses Weight The Nigerian fixed income market trades cold and quiet on Wednesday as the local currency, the naira, continues free fall at the Investors’ and exporters’ foreign exchange window. The foreign exchange (FX) rate at the space has been worsening since last week. As of Wednesday, the naira depreciated by 0.1% to N436.50 at the investors’ and exporters’ window. Central Bank of Nigeria conducted a primary market auction for treasury bills yesterday, as of the press time, the auction result is yet available. In the money market, there was pressure on short-term…

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