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Economy
Fitch Ratings has revised the outlook on Nigeria’s Long-Term Issuer Default Ratings (IDRs) to positive from stable and affirmed the IDRs at ‘B’.
Nigeria’s Eurobond Yield Rises to 9.6% as Foreign Investors Adjust In Nigeria’s sovereign Eurobond market,…
Money Market Rates Climb Despite FGN Sukuk Inflow The money market rates climbed further despite…
Trading activities in the Nigerian government bond secondary market ended on a bullish note amidst a surprising hike in the benchmark interest rate
The naira experienced strong negative price fluctuation in the foreign exchange (FX) market due to surging demand for import payments. The FX market was unable to meet the willing buyers US dollar demand due to a shortage in the official window.
Benchmark yield on Nigerian government bonds in the secondary market rose to 18.70% after Debt Management Office (DMO) auction
The mood on Nigerian Treasury bills continues to swing after investors spotted that the central bank has continued to slash rates at its main auctions.