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MarketNews
Debt Management Office (DMO) is scheduled to hold its monthly auction on June 22, targeting
The money market rates heated up further due to deficit balance in the financial system. The short-term benchmark rates continue to surge in the week after successive primary auction sales caused huge outflow in recent past week.
Nigerian Exchange Rises by N132bn as UBA, Zenith, Access Rally With about N132 billion gain,…
Benchmark Yield on Nigerian Bonds Dips as Demand Rises The average yield on Nigerian government…
The average yield on Nigerian Treasury bills dipped slightly in the secondary market due to increased demand for naira assets, restricted by tight liquidity which capped trading actions.
Money market rates climbed strongly, trending at double digits highs, on the back of sustained liquidity squeeze in the banking system. The market opened the week with more than N60 billion deficit in the absence of significant inflows to boost liqudity condition in the financial market.
The naira depreciated further against the dominant US dollar at the Nigerian autonomous foreign exchange (FX) market, settling near N1690 per greenback on Tuesday.