The Federal Government of Nigeria (FGN) bonds market traded bullish on Tuesday after the Debt Management Office (DMO) monthly auction on Monday.

The naira recorded its largest daily gain since the beginning of the year at the Nigerian foreign exchange market on Tuesday, as US dollar supply eclipsed demand for foreign payments. 

Buying interest in Fidelity Bank, Access Holdings, and some other risers drove momentum in the Nigerian stock market on Tuesday, pushing key performance indicators higher by 0.12%.

The Central Bank of Nigeria (CBN) rejected subscriptions totalling N4.9 trillion staked on OMO bills by the eligible market participants at the auction conducted on Tuesday.

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