Nigerian Treasury Bill Selloffs Provoke 10bps Yield Surge
It was seller market during the midweek in the secondary market as investors unbundled their naira asset portfolio. The average yield on Nigerian Treasury bills jumped by 10 basis points to 20.52% due to a selling spree on the naira assets.
The bearish...
Zenith Bank Public Offer: Why It Makes Sense to Buy Now
Investment is all about fundamentals, market sentiment and the numbers. Zenith Bank Plc has all these in place, plus strong capital and shareholders willingness to inject additional capital when necessary.
The ongoing public offer gives everyone a chance to own...
Treasury Bill, OMO Yields Diverge ahead of Inflation Data
The average yield on Nigerian Treasury bills and the OMO moved in different directions in the secondary market after the two naira assets saw their returns converge around 25% in the recent past.
On Tuesday, the average yield on the Treasury bills...
Yield Hits 19.8% as Uncertainties Stoke Selloff in Bond Market
Bond market investors reduced their interest in the Federal Government of Nigeria's (FGN) long-term borrowing securities in the secondary market due to unpriced risks emanating from nationwide protests.
Inflation rate has crossed the resistance line, while interest rate has accelerated to...
NGX Loses N85bn as Investors Take Quick Profit
The Nigerian Exchange, NGX, lost about N85 billion on Thursday as equities investors continue to take quick profit from recently rallied stocks. The selloffs that started early in the morning during the trading session persisted, causing key performance indicators to dip by...
