- XRP Price Slides Amidst Ripple’s Strategic Investment in Flutterwave
- Apapa Customs Intercepts ₦12.7bn Cannabis Sativa, Expired Drugs
- 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
MarketForces Finance
Nigeria Eurobonds Yield Climbs as Inflation Shifts Sentiment Nigeria’s Eurobond prices declined in the international market as foreign portfolio investors and other holders offloaded…
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 Nigerian government bondholders maintained hold on the naira assets, keeping the benchmark yield steadied. The average yield remained unchanged at 15.73% as the market shifted to a cautious mood.
The Nigerian Eurobonds segment ended negatively, with average yields rising 4bps to 7.25%, reflecting reduced demand and cautious sentiment among global investors.
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…
Dangote Sugar Refinery Plc’s (Ticker: DANGSUGAR) share price nosedived by 10% as investor sentiment deteriorated after an unimpressive earnings performance.
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.
The average yield on Federal Government of Nigeria (FGN) bond dipped to 15.4% in the secondary market, as investors actively seek real returns in the naira curve.