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MarketNews
The Central Bank of Nigeria (CBN) turned down more than N2.4 trillion in investors’ money as total subscription at the open market operation topped N4.6 trillion, according to auction results reviewed by MarketForces Africa.
Trading activity in Federal Government of Nigeria (FGN) bonds was bearish, as investors trimmed holdings across the curve in the secondary market amid repricing at the Debt Management Office (DMO) auction for the month.
EBC Financial Group has spotted a conduct gap in Nigerian capital markets after the Securities and Exchange Commission
The Central Bank of Nigeria (CBN) mopped up N4.8 trillion from excess liquidity in the financial system
The average yield on Nigerian Treasury bills jumped 27 basis points (bps) as sell pressure in the secondary market
Money market rates were mixed as the financial system liquidity declined by approximately 38%
The average yield on Nigerian Treasury bills steadied amid mixed investor sentiment…