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The Economy: Expect domestic borrowing to top NGN3.06 trillion in 2021

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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...

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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...

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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...

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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...

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...

MARKETS WRAP: Bears keep treasury bonds market weak as average yield...

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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

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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...

MARKETS: Treasury yields expand 14bps to 4.3% as investors take profit...

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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...

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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...