- NGX to Introduce Volume-Based Price Rules in Major Market Reform
- FX Spread Surges as Naira Depreciates Across FX Markets
- U.S. Consumer Momentum Slows as Inflation Squeezes Incomes
- Burundi Economy Improves, Inflation Sinks to 8.6% from 45% – IMF
- United Nations Urges Africa to Boost Domestic Funding
- US Dollar Hits 1-Year High on US Fed Hawkish Rates Bets
- Nigerian Exchange Sheds N2.18trn as Dangote Companies Dip
- XRP Price Dips 6.2% on U.S. Federal Reserve Rates Hike Bets
MarketNews
The Central Bank of Nigeria (CBN) hiked rates on Nigerian Treasury bills on Wednesday, with one-year paper attracting most of the allotment.
Nigeria returned to the Eurobonds market with a total subscription in excess of $9 billion, according to the Debt Management Office (DMO), against a $2.2 billion allotment.
The average yield on Nigerian Treasury bills declined by five or 5 basis points (bps) in the secondary market to 25.2%, traders said in separate notes.
Interbank Rates Dip as FAAC, Remita Inflows Boost Liquidity In the money market, the short-term…
The naira traded steady against the US dollar on the first trading session using the Bloomberg BMatch system due to sufficient FX liquidity to fill orders.
DMO Offers 2 Savings Bonds in December The Debt Management Office (DMO), has offered two…
The Nigerian Exchange (NGX) market capitalisation rose by about N138 billion on Monday as Lafarge Africa, VFD Group rallied among others.