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Equities investors trading highs and lows on the Nigerian Exchange (NGX) platform gained more than N316 billion due to positive price appreciation is some bellwethers on Wednesday.
In contrast to expectations, Nigeria’s fixed income market strengthened amidst concerns over the direction of the yield on local assets, analysts said.
Nigerian Treasury Bill Yield Bends Rates Slump at Main Auction The average yield on Nigerian Treasury bill declined in the…
Selloffs Provoke Yield Surge in Nigerian Bond Market The average yield on the Federal Government of Nigerian (FGN) bond increased…
Money Market Rates Surge as OMO, CRR Debits Drag Liquidity The interbank rates climbed to about 32% apiece in the…
CBN Slashes Treasury, OMO Bill Rates at Main Auctions The Central Bank of Nigeria (CBN) has further slashed spot rates…
Investors Bet on Nigerian Bond as Debt Office Tightens Supply As investors take a bet on the naira assets, the…
Treasury Bill, OMO Yields Diverge ahead of Inflation Data The average yield on Nigerian Treasury bills and the OMO moved…
Money Market Rates Surge as Market Price in Policy Action Money market rates spiked despite improved liquidity in the financial…
The short-term benchmark interest rates in the money market declined in the absence of significant pressure on liquidity levels in the financial system. According to data from FMDQ, the repo rate declined by 14 basis points to 31.61% on Friday, while the overnight lending rate dipped by 15 basis points to 32.45%.