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.

FGN Eurobond Yield Rises as Demand Spikes, Sell Pressure Hits OMO Bills The average yield on the Federal Government of Nigeria (FGN) Eurobond rises following buying interests across the sovereign curve. Due to increased demand, the average yield dropped by 12 basis points to close at 7.10 per cent. Amidst cold trading temperature in the fixed income space, activities on Treasury bills was muted again but there was selling pressure on short-dated OMO Bills. Debt Management Office (DMO) primary market auction results showed there was a healthy demand for Federal Government of Nigeria bonds yesterday.  In its bond auction result,…

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