- Nigerian Money Market Rates Dip as Liquidity Surges 35%
- Africa to Push for Greater Control of Critical Minerals at New York Summit
- Nigeria’s Latest Inflation Figure a Paradox of Conflicting Narratives
- NICA Seeks N2trn Credit Guarantee Fund to Unlock Nigeria’s Economy
- Nigeria Raises N7.62trn from Bonds in 8 Months
- Bitcoin Price Increases by $15k after U.S. Treasury Announcement
- Ethereum Price climbs to $2,450 on Spot ETF Inflow
- NGX Index, Return Tank as Investors Lose N2.1trn in 5 Days
MarketNews
The money market closed with a significant credit balance, which kept interbank rates…
The naira experienced strong negative price fluctuation in the foreign exchange (FX) market due to surging demand for import payments. The FX market was unable to meet the willing buyers US dollar demand due to a shortage in the official window.
The equities market capitalization of the Nigerian Exchange (NGX) swelled as investors gained about N105 billion amidst the policy rate hike.
Nigeria’s Sovereign Eurobond Yield Rises to 9.75% Eurobond: The market has continued to gauge the…
Benchmark yield on Nigerian government bonds in the secondary market rose to 18.70% after Debt Management Office (DMO) auction
The mood on Nigerian Treasury bills continues to swing after investors spotted that the central bank has continued to slash rates at its main auctions.
Interbank rates fell sharply inflows from the Federal Account Allocation Committee (FAAC), which hit the financial system on Monday.