Nigeria’s investment climate recorded a mixed performance in the month of August in line with global trends. A review of the different segments of the markets where investors staked their funds showed that foreign investors have continued to dump the FGN Bond as a result of persisting risk-off sentiments across emerging markets. Nevertheless, the best […]
Read More The financial markets ended last week with some optimism of revived demand for FGN bonds and treasury bills in the secondary market this week, anchored on expectation of increased excess liquidity in the interbank money market due to inflow of ₦364 billion from maturing treasury bills. Last week the decline in yields on FGN bonds […]
Read More
The excess liquidity prevailing in the interbank money market will persist this week due to inflows of over ₦1 trillion expected from matured treasury bills and statutory allocation to the three tiers of government. The Federation Accounts Allocation Committee, FAAC, meeting held on Friday ended with the three tiers of government sharing ₦821 billion as […]
Read More
Scarcity of funds which pervaded the interbank money market towards end of last week will likely to deepens this week as the Debt Management Office (DMO) issues ₦135 billion worth of FGN bonds. Last week, the money market experienced acute scarcity of funds as the Central Bank of Nigeria (CBN) stepped up its liquidity mop […]
Read More
