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MarketNews
Nigerian OMO bills auctioned by the Central Bank last week attracted N6.1 trillion from investors chasing double-digit returns on naira-denominated assets.
The naira experienced a soft rally that pushed the local currency value upward slight….
The financial system was flush with cash, strong enough to keep money market rates stable, supported by FAAC
The Federal Government of Nigeria (FGN), through the Debt Management Office ….
The fixed income market recorded a rush for Nigerian treasury bills on Thursday, following the monetary authority’s rejection of 60% of total subscriptions at the main auction on Wednesday.
Money market rates were mixed as financial system liquidity shrank following the Central Bank of Nigeria’s (CBN) aggressive sterilisation of funds.
The market anticipates a bullish run in secondary market transactions for Nigerian Treasury bills on Thursday, a day after the Central Bank of Nigeria (CBN) rejected 60% of the aggregate subscription at its auction.