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MarketNews
The Central Bank of Nigeria (CBN) hiked rates on Nigerian Treasury bills on Wednesday, with one-year paper attracting most of the allotment.
Foreign portfolio investors, or FPIs, increased their bets on Nigerian U.S. dollar bonds in the international market amidst elevated yields…
Investors Boost Treasury Bills Holdings Ahead of Auction The average yield on Nigerian Treasury bills…
The Nigerian naira fell against the US dollar in the foreign exchange (FX) market as demand pressure began to take shape. Spot FX data from the FMDQ platform
Bargain hunting in Nigeria’s sovereign Eurobonds market across the short, mid, and long ends of the yield curve
The average yield on Nigerian Treasury bills dipped to approximately 25.6% in the secondary market despite quite a trading session at the beginning of the New Year. Trading volumes remained low as most market participants have yet to resume activities for the year fully, according to fixed income market analysts’ notes.
Nigeria’s top five banks that need no introduction have extended their market value due to investors’ position taking in tier-1 stocks. Details gathered by MarketForces Africa showed that the combined market value of the top five banks surged past N6.2 trillion in the local bourse on Friday close.