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Nigeria: Pessimism overshadows consumers’ confidence outlook in Q4 2020

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MON, 21 DEC, 2020-theGBJournal- The consumers’ overall confidence outlook was pessimistic in Q4 2020 standing at -14.8 index, according to the Central Bank of...

MARKETS: Treasury bonds market opens week bearish, as average yield expanded...

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…All-Share Index notched a 1.7% increase to 37,443.40 points to open the week MON, 21 DEC, 2020-theGBJournal- Activities at the Treasury bonds secondary market were...

BONDS: Average yield expands by 61bps to 5.4% as investors react...

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SAT, 19 DEC, 2020-theGBJournal- The Treasury bonds secondary market remained bearish, as investors reacted to the November inflation figure (14.89%) and the higher marginal...

FX WATCH: Reserves down by $132.06 million w/w amid weak portfolio...

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SAT, 19 DEC, 2020-theGBJournal- Nigeria’s FX reserves decreased by $132.06 million w/w to $34.84 billion, as outflows for CBN’s interventions across the various FX...

Treasury markets stay subdued as average bond yield expanded by 34bps...

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MON, 14 DEC, 2020-theGBJournal- The Treasury bonds secondary market was also bearish, as average yield expanded by 34bps to 5.0%. Across the curve, average...

FX WATCH: FX reserves dips again by $197.84 million w/w, Naira...

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SAT, 12 DEC, 2020-theGBJournal- Nigeria’s FX reserves sustained its descent, declining by USD197.84 million w/w to USD35.01 billion, as the outflows for the CBN’s...

Money & Fixed Income Markets: Treasury bond reacts negatively to unanticipated...

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…Overnight rate contracted by 337 bps w/w SAT, 12 DEC, 2020-theGBJournal- The Treasury bond secondary market reacted negatively to the unanticipated front-end supply from the...

CBN approves new license categorizations for payments system

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By Audrey Lotechukwu THUR, 10 DEC, 2020-theGBJournal- The Central Bank of Nigeria (CBN) today announced the approval of new license categorisation for the payments system....

Naira devaluation as false economics

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By ISSA Aremu THUR, 10 DEC, 2020-theGBJournal- After decades long of word counts and verbal exchanges on Naira devaluation and “oil subsidy removal,” yours...

Profit-taking persists in the treasury bonds market as average yield expands...

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TUE, 08 DEC, 2020-theGBJournal- The Treasury bonds secondary market remained bearish following Monday’s bearish sentiments. Average yield expanded by 11bps to 4.1% and across the...