Tag: naira
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 WRAP: NSE ASI inched higher by 0.3% to 40,571.67 points,...
MON 15 FEB, 2021-theGBJournal- Trading in the domestic equities market started the week on a positive note, following buying interests in SEPLAT (+10.0%), WAPCO...
FX WATCH: Nigeria’s FX reserves falls again US$153.60 million w/w to...
SAT 13 FEB, 2021-theGBJournal- Nigeria’s FX reserves sustained its descent, as it dipped by USD153.60 million w/w to USD35.89 billion (9th February 2021).
Across...
Markets Wrap: Overnight lending rate spikes by 58bps to 5.8%, Treasury...
Naira stays flat at N400.00/$ at the I&E window
THUR 11 FEB, 2021-theGBJournal- The overnight lending rate increased by 58bps to 5.8%, following outflows for...
Markets Wrap: Benchmark index falls by 1.96% to 40,696.01 points, treasury...
WED 10 FEB, 2021-theGBJournal- Negative sentiments persisted in the domestic equities market, as the benchmark index fell by 1.96% to 40,696.01 points. The NSE...
MARKETS WRAP: Treasury bonds average yield expands 32bps to 8.2%, naira...
MON 08 FEB, 2021-theGBJournal- Nigerian equities opened the week in red, as a sell-down in GUARANTY (-8.8%) extended last week’s bearish trading for the...
Money market squeezed by funding pressures as overnight rate expands by...
SAT 06 FEB, 2021-theGBJournal- The overnight (OVN) rate expanded by 700bps w/w to 18.0% as system liquidity (weekly average c. NGN224.52 billion) was squeezed...
FX WATCH: FX reserves falls by US$104.79 million w/w to $36.20...
SAT 06 FEB, 2021-theGBJournal- Nigeria’s FX reserves recorded its first weekly decline of the year, as it dipped by USD104.79 million w/w to USD36.20...
MARKETS BRIEF: Treasury bonds decline by 4bps to 7.8%, naira depreciates...
THUR 04 FEB, 2021-theGBJournal- The overnight lending rate expanded by 150bps to 13.0%, following outflows for today’s OMO auction.
The NTB secondary market was a...
MARKETS BRIEF: Treasury bonds yield falls by 7bps to 7.9%, overnight...
WED 03 FEB, 2021-theGBJournal- The Treasury bonds secondary market also closed on a bullish note, as average yield declined by 7bps to 7.9%. Across...
