- Nigerian Bonds Sell Off as Markets Await Q3 Borrowing Plan
- Ripple Dips Amidst Surge in XRPUSD Long Position on Bitfinex
- VAT Income Boosts Nigeria’s Non-Oil Economy, Analysts Positive on Outlook
- 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
MarketNews
Trading in Nigerian government bonds was mostly bearish, with investors trimming positions
Nigeria’s Eurobond Yield Dips to 7% as African Issuers Rally Nigeria’s Eurobond yield declined to…
A flood of inflow from expired investment securities, amid zero liquidity mop-up, drove excess liquidity in the money market higher last week.
With deposit money banks (DMBs) sustaining activity in the Standing Deposit Facility (SDF), financial system conditions continue to improve in the absence of open market operations and other primary market actions thus far this week.
The total deposits by deposit money banks (DMBs) at the Central Bank of Nigeria’s (CBN) Standing Deposit Facility (SDF) rose to N2.52 trillion on Monday, reinforcing strong liquidity in the market.
Money market rates fell as deposit money banks (DMBs) stepped up cash lodgment at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window, enhancing financial system liquidity.
CBN Cuts 1-Year Treasury Bill Rate by 138bps, Rejects Bids The Central Bank of Nigeria…