- Dangote Cement Plans Capacity Boost, Targets 20% Emission Cut
- CBN to Open N700bn in Treasury Bills for Subscription, Rates to Stay Elevated
- Naira Destiny Ties to Hot Money Equation – High Interest Rate, Foreign Capital
- Investors Lose N1.80trn as Bear Run Hammers NGX Index
- XRP Extends 7-Day Gains, Price Rises to $1.18
- Cryptocurrencies Rally as U.S. M2 Money Supply Tops $23trn
- Revolut to Delist USDT in Europe Ahead of MiCA Regulation
- Ecobank Nigeria Wins Deutsche Bank’s Client Excellence Award
Finance
Investors’ whetted appetites dragged the average yield on Nigerian Treasury bills down by 15 basis points, according to a market update released by Afrinvest Securities Limited.
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.
Reflecting weak appetite for loans, deposit money banks (DMBs) significantly increased their placements at the Central Bank’s Standing Deposit Facility (SDF) window, reaching N6 trillion as of Thursday.
African Eurobonds Issuers’ Yields Ease in Fresh Rally The average yield on Nigerian Eurobonds declined…
Dangote Sugar Refinery Plc’s (Ticker: DANGSUGAR) share price nosedived by 10% as investor sentiment deteriorated after an unimpressive earnings performance.
Nigerian deposit money banks with exposure to foreign loans are expected to settle $1.7 billion Eurobonds that will expire in 2026, according to a non-rating commentary note released by Fitch.
The Central Bank of Nigeria (CBN) has made another foreign exchange market intervention this week to address the ongoing depreciation of the naira.