Browsing: FPI

With rapid daily gain, the naira extends its rally in the currency market as a flood of US dollar credits boosted liquidity level in the official window on Thursday. According to spot data from the FMDQ platform, the naira appreciated by 1.7% to N1,458.95 per US dollar

The average yield on Nigeria’s Eurobond rose as foreign portfolio investors (FPIs) liquidated positions amidst U.S. interest rate cuts. The risk-off reactions followed sustained monetary easing in the U.S. amidst expectations that a rate cut would cause a flight to safety in 2025.