- CBN to Open N1trn Treasury Bills for Subscription on Wednesday
- MemeCore Price Rises 6.6% as Investors Speculate
- ‘Why Insurance Penetration is Low in Nigeria – NCRIB
- EU Parliament Approves EU-U.S. Trade Deal Legislation
- Federal Government Moves to Curb Rising Cooking Gas Prices
- Pi Network Climbs Ahead of Pi2Day, Mandatory Nodes Upgrade
- Nigerian Exchange Shrinks, Tier-1 Banks Drive N782bn Loss
- Nigeria’s Foreign Reserves Near $51bn, Highest Since Jan. 2009
Economy
The Central Bank of Nigeria (CBN) is set to auction N1 trillion in Nigerian Treasury bills…
Interbank rates crossed the 31% benchmark as the liquidity level in the financial system remains in negative territory. Due to a weak funding profile in the financial system, money market rates have remained elevated.
In contrast to expectations, Nigeria’s fixed income market strengthened amidst concerns over the direction of the yield on local assets, analysts said.
The average on Nigerian Treasury bills increased in the secondary market as investors continued to dump the short term borrowing instruments. Investors’ moods swung due to sustained spot rates decline at the primary market.
Nigerian Treasury Bill Yield Bends Rates Slump at Main Auction The average yield on Nigerian…
CBN Cuts Spot Rates on Nigerian Treasury Bills The Central Bank of Nigeria (CBN) has…
Selloffs Provoke Yield Surge in Nigerian Bond Market The average yield on the Federal Government…