- Oil Prices Tumble by 5% as Iran Opens Strait of Hormuz
- XRP Gains 4% as Ripple Sets $1bn Income Target for 2026
- DOT – Polkadot Gains on T. Rowe Price Active Crypto ETF Approval
- World’s First Trillionaire Shows Next Wave of Wealth Creation – CEO
- Bitcoin Price Increases on US-Iran Sign Islamabad Declaration
- Sell Pressure Hits Nigerian Bonds, Yield Rises to 16.70%
- Investors Maintain Bearish Pose on T-Bills Ahead of Inflation
- Airtel Africa Hits 52-Week High, Tracking N5,818 Target Price
Economy
The benchmark yield on Federal Government of Nigeria (FGN) bonds climbed to 16.70% in the secondary market ….
The Nigerian Eurobonds segment ended negatively, with average yields rising 4bps to 7.25%, reflecting reduced demand and cautious sentiment among global investors.
Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has emphasised the need to build strong institutions and sound financial foundations to ensure sustainable economic growth in Nigeria.
The average yield on Nigerian Treasury bills rose 8 basis points to settle at 17.31%, reflecting diminished investor sentiment and a less supportive climate in the secondary market.
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.