- Equities Investors Lost N1.47trn as Dangote Cement, Zenith Bank Dip
- Return to Fuel Subsidy Could Push Exchange Rate to N4k/$ -Oyedele
- DMO Hikes Interest Rates on Nigerian Government Bonds
- Daily FX Update: Naira Depreciates as FX Liquidity Tightens
- NGX Market Cap Sinks Below N160trn as Bears Strike Harder
- Deutsche Bank Adds Nigeria to Forex Watchlist, Bullish on Naira
- EIB Global, FCMB to Support Private Sector, Sustainable Agriculture with €85m
- Ripple XRP Stages Price Recovery as Sell Pressure Eases
Markets
The Lagos State Government is planning to issue a ₦200 billion bond for investor subscription under the ₦1 trillion
Inflows from expired OMO bills and from deposit money banks (DMBs)’ lodgments buoyed liquidity in the financial system, investment firms said in separate market updates.
The Debt Management Office (DMO) is set to open N800 billion worth of Federal Government of Nigeria (FGN) bonds for subscription on Monday.
SCM Capital Asset Mgt Limited’s Fund (the Frontier Fund), an open-ended unit trust scheme that offers investors the opportunity and flexibility to pool resources and optimize returns through the earning power of volume investing, has announced a plan to pay unitholders N18 per unit.
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.
Banks Place N4.6trn with CBN Amidst Weak Loan Appetite Nigerian deposit money banks (DMBs) stepped…
The Central Bank of Nigeria (CBN) allotted OMO bills with 8 days expiration to eligible investors who participated in the open market operation on Monday.