Trading activity in the secondary market for FGN bond stayed on a calmer note, causing the average yield to clip at 19.44%. With a widening inflation rate, the negative real return on Nigerian bond investment has increased to about 7%.

Treasury Bills Yield Eased to 24.29% Ahead of Auction The average yield on Nigerian Treasury…

Money market rates diverged on the back of movement in liquidity balance in the financial system. The short-term benchmark interest rates mixed after inflows from matured OMO bills and swap inflows lifted the liquidity balance.

Equities investors trading highs and lows on the Nigerian Exchange (NGX) platform gained more than N136 billion on Tuesday on health performance on sector indexes.

The naira reclaimed part of its lost exchange rate value in the official market as volume of US dollar volume transacted declined on the day. Spot data from the FMDQ platform showed the naira appreciated by 0.68%, closing at ₦1,678.93 per US dollar at the official market.

The Central Bank of Nigeria (CBN) has advised members of the public to be cautious of SWIFT Messages on foreign exchange remittances to their Nigerian bank accounts