- Naira Strengthens to N1338 per US Dollar, N1560 to Euro
- Elektron Energy Unveils 40MW Embedded Power Project in Lagos
- Nigeria’s Economy Has Stabilised, Finance Minister Says
- CBN Reduces Rates on Nigerian OMO Bills, Raises N1.9trn
- Equities Investors Gain N306bn as Nigerian Market Rebounds
- Bitcoin Reclaims $80k on Heavy Spot ETF Bets
- SK Hynix Tokenised bStocks Rises on Risk-on Sentiment
- XRP Jumps as Hedge Against Weak Dollar, Ripple Stablecoin Tops $2bn
Financial Market
OMO Bills Reopening Drives Funds Away from Nigerian Stocks One of the more consequential policy shifts in Nigeria’s financial markets may have arrived quietly:…
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…