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- Stronger US Dollar Keeps South African Rand on Edge
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- Nigerian Treasury Bills Yield Jumps 27bps on Sell Pressure
- Naira Hovers Around N1,380 as Interbank FX Turnover Surges
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- Ethereum Price Slips 4% as Investors Liquidate Positions
- Bitcoin Price Slides to $59k as US Inflation Stokes Selloffs
Financial Market
The Debt Management Office (DMO) hikes rates on Federal Government of Nigeria (FGN) bonds
Money Market Rates Climb Despite FGN Sukuk Inflow The money market rates climbed further despite…
Trading activities in the Nigerian government bond secondary market ended on a bullish note amidst a surprising hike in the benchmark interest rate
The naira experienced strong negative price fluctuation in the foreign exchange (FX) market due to surging demand for import payments. The FX market was unable to meet the willing buyers US dollar demand due to a shortage in the official window.
Benchmark yield on Nigerian government bonds in the secondary market rose to 18.70% after Debt Management Office (DMO) auction
The mood on Nigerian Treasury bills continues to swing after investors spotted that the central bank has continued to slash rates at its main auctions.
Interbank Rates Rise as Banks Borrow to Close Funding Gap The short-term interest rates climbed…