- OPEC Estimates 23% Global Energy Demand Growth
- Nigeria’s Debt Office to Reopen N1.2trn Bonds for Subscription
- Excess Liquidity Expands by 37% as Banks Lock N5trn in SDF
- South African Rand Steady as SARB Hawkish Tone Softens
- Intel, Nvidia Drive Wall Street Rally, FTSE 100 Declines
- Investors Offload Nigerian Treasury Bills after Discount Rates Surge
- NGX to Introduce Volume-Based Price Rules in Major Market Reform
- FX Spread Surges as Naira Depreciates Across FX Markets
MarketNews
Debt Management Office (DMO) is scheduled to hold its monthly auction on June 22, targeting
This week, the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) is anticipated to raise the benchmark interest rate by 50 basis points to 27.75%,
Trading activities at the Nigerian bonds secondary market ended on a mixed note amidst interest rate hike expectations in the new week.
Despite the intervention of the monetary authority, the exchange rates of the Nigerian local currency,
After the spot rate on one-year bills was raised by 50 basis points to 23.50% at the primary market auction last week,
As liquidity conditions continued to be severely strained, money market rates rose and trended above 32% each.
FBN Holdings Plc’s market value fell by 8%, or about N79 billion, on the Nigerian Exchange as investors exited their position in the financial services company. This has brought its stock market price near its rights offer price.