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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:…
African Eurobonds Issuers’ Yields Ease in Fresh Rally The average yield on Nigerian Eurobonds declined…
Risk-Off Sentiment Triggers Surge in Nigeria’s Bond Yields The Nigerian Federal Government (FGN) bonds market…
The Central Bank of Nigeria (CBN) hiked the discount rate on Nigerian Treasury bills with 364-day maturity by 83 basis points to 16.73% at the main auction conducted on Wednesday.
The average yield on Federal Government of Nigeria (FGN) bond dipped to 15.4% in the secondary market, as investors actively seek real returns in the naira curve.
The average yield on Nigerian Treasury bills declined to 17.04% in the secondary market due to sustained positioning in the naira curve.
Money market rates moved in mixed directions as liquidity level in the financial system declined following the debit for Nigerian Treasury bills (NTB) allotment to investors at the midweek auction.