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Markets
The Central Bank of Nigeria (CBN) hiked rates on Nigerian Treasury bills on Wednesday, with one-year paper attracting most of the allotment.
Stanbic IBTC Bank has solidified its position as the leading Bank for capital importation in Nigeria, capturing an impressive 28.30% of total foreign capital inflows worth about $2 billion in the first nine months of 2024.
Equities investors trading highs and lows on the Nigerian Exchange (NGX) platform are currently taking positions in the local bourse ahead of the Christmas celebration.
The average yield on Nigerian government bonds cleared at 19.73% over subdued trading activities in the secondary market.
The Nigerian bonds benchmark yield rose by 5 basis points (bps) in the secondary market last week as investors trimmed holdings
The benchmark yield on Nigerian government bonds retraced as asset managers, and local deposit money banks with surging liquidity parked their free cash into debt papers.
The total assets of Nigeria’s top 5 banks surged by more than 55% year to date to settle at N146.34 trillion