- 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:…
The average yield on Nigerian Treasury bills (NTB) climbed by 68 basis points as deposit money banks, and other authorised dealers in the fixed income market reduced their holdings amidst spot rates adjustment expectations.
Investors reacted negatively, trimmed their Nigerian treasury bills (NTB) holdings in the secondary market following successive spot rates cut at the Central Bank of Nigeria’s (CBN) primary market auction last week.
To promote trade and foster economic growth in Africa, the International Finance Corp. (IFC) announced trade finance
Investors Get 21.50% Interest Rate on OMO Bills The spot rate on one year open…
Yield on Nigerian TBills Slides to 16.05% -MarketNews The average yield on Nigerian Treasury bills…
In the hot midday trading session, the Nigerian local currency, the Naira, spirals downward