Tag: CBN
Money & Fixed Income Markets: Treasury bond reacts negatively to unanticipated...
…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
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
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...
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...
QUICK TAKE: Expect flexibility on Diaspora remittances to support dollar liquidity...
SAT, 05 DEC, 2020-theGBJournal- During the course of the week, the Central Bank of Nigeria disclosed it intends to introduce special bills as part...
MARKETS WRAP: Bonds average yield expands 20bps to 4.1% as news...
…Overnight rate expanded by 275 bps w/w to 4.3%
…Apprehension for yields dominates T-bills market
SAT, 05 DEC, 2020-theGBJournal- The Treasury bond secondary market retraced this...
FX WATCH: FX reserves depleted again by $115.83 million w/w, Naira...
SAT, 05 DEC, 2020-theGBJournal- Nigeria’s FX reserves continued its descent, as the gross reserves position declined by USD115.83 million w/w to USD35.30 billion. This...
FX WATCH: FX Reserves tumbles again by $40.05 million w/w as...
SAT, 28 NOV, 2020-theGBJournal- Nigeria’s FX reserves declined by USD40.05 million w/w to USD35.45 billion, as the outflows for the CBN’s interventions across the...
MARKET WRAPS: Treasury bonds contract 12bps to 3.9% on bullish trading...
SAT, 28 NOV, 2020-theGBJournal- The bond secondary market remained bullish this week, as average yield declined by 12bps to 3.9%. We attribute the bullish...
COMMENT: Realities and battle against recession By Arize Nwobu
By Arize Nwobu
THUR, 26 NOV, 2020-theGBJournal-According to the National Bureau of Statistics (NBS), the economy had slipped into another recession, the GDP having contracted...