The average yield on Nigerian government bonds surged by 2 basis points to close at 19.78% in the secondary market ahead of fresh supply. Trading activities were subdued last week, with minimal trading activity at the short end (+4 bps) of the curve as markets await further details on Debt Office local borrowings for 2025.

The average yield on Nigerian Treasury bills dipped to approximately 25.6% in the secondary market despite quite a trading session at the beginning of the New Year. Trading volumes remained low as most market participants have yet to resume activities for the year fully, according to fixed income market analysts’ notes.

The naira traded at N1535 per US dollar in the Nigerian foreign exchange market, NFEM, on Friday after year-end aggressive FX sales

Interbank Rates Rise as Funding Pressures Weigh on Liquidity Signature bonus, Remita inflows, and government…

Nigeria’s top five banks that need no introduction have extended their market value due to investors’ position taking in tier-1 stocks. Details gathered by MarketForces Africa showed that the combined market value of the top five banks surged past N6.2 trillion in the local bourse on Friday close. 

Sovereign Trust Jumps by 45% as Investors Bet on Insurance Stocks Sovereign Trust Insurance Plc…