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MarketNews
The Central Bank of Nigeria (CBN) raised about N4.7 trillion (N4,686,266,639,000) from fixed-interest securities investors through OMO bill allotments across three maturities.
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 average yield on Nigerian Treasury bills declined by 90 basis points (bps) in the secondary market as investors increased bets on naira assets, prompting sharp repricing.
Trading activities in the Nigerian government bond secondary market ended on a bullish note amidst a surprising hike in the benchmark interest rate
In the absence of liquidity pressure, interbank rates were still adjusted upward in response to the Central Bank of Nigeria’s (CBN) monetary policy tightening.
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