Economy

Nigeria’s Eurobond Yield Falls Sharply, Closed at 8.80%

Nigeria’s Eurobond Yield Falls Sharply, Closed at 8.80%The average yield on Nigeria’s sovereign Eurobond fell sharply in the international market due to sustained demand...

Money Market Rates Spike over Banking System Liquidity Squeeze

Money Market Rates Spike over Banking System Liquidity SqueezeMoney market rates—open repo rate and overnight lending rate—surged by 482 bps and 478 bps to...

Nigerian Treasury Bills Yield Eased on Soft Rally

Nigerian Treasury Bills Yield Eased on Soft RallyProceedings in the Treasury bill secondary market were bullish, as the average yield contracted by 11 basis...

Nigerian Bonds Yield Falls to 18.6% Before Thin Auction Supply

Nigerian Bonds Yield Falls to 18.6% Before Thin Auction SupplyThe average yield on Federal Government of Nigeria (FGN) bonds fell to 18.64% in the...

Naira Rallies, Spot Rate Settles at N1547 on FX Injections

Naira Rallies, Spot Rate Settles at N1547 on FX InjectionsThe naira appreciated against the US dollar, closing at N1547 per greenback at the Nigeria...

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