Tag: FX Market
The Economy: Expect domestic borrowing to top NGN3.06 trillion in 2021
SAT 26 JUNE, 2021-theGBJournal- The Federal Executive Council (FEC) approved a supplementary budget of NGN895.84 billion and has been sent to the National Assembly...
Markets Wrap: Naira trades closer to N500/$, bargain buying drives equities...
WED 02 JUNE, 2021-theGBJournal- Positive trading returned to the domestic equities market, as bargain buying in DANGCEM (+1.4%) spurred a 0.2% gain in the...
Cordros provides insight on why hike in OMO rates won’t sway...
WED 17 FEB, 2021-theGBJournal- In their 2021 domestic macroeconomic outlook report, Cordros Securities analysts projected that the CBN would adopt a combination of higher...
MARKETS: Treasury bonds market opens week bearish, as average yield expanded...
…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...
Treasury markets stay subdued as average bond yield expanded by 34bps...
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...
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...
MARKETS WRAP: Bears keep treasury bonds market weak as average yield...
THUR, 10 DEC, 2020-theGBJournal- The Treasury bonds secondary market remained bearish, as average yield expanded by 7bps to 4.3%. Across the curve, average yield...
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...
MARKETS: Treasury yields expand 14bps to 4.3% as investors take profit...
WED, 09 DEC, 2020-theGBJournal- The Treasury bonds secondary market remained bearish, as average yield expanded by 14bps to 4.3%.
Across the curve, average yield...
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...