News & Media

FGN Bonds Update: FGN Bond Auction Holds Wednesday As Average Yield Declines to 7.6%

In line with expectations, the bonds market  traded with bullish sentiments spread across the yield curve as local investors sought to re-invest their bond coupon payments (c. N142.1bn) and OMO maturities. Demand further persisted in spite of the release of Consumer Price Index data for the month of August which showed a rise in inflation …

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Anchoria Fixed Income Monitor: Heavy Market Liquidity Pressures Rates Downwards

Money Market The average money market rate fell significantly by 13.00% to settle at 2.50% down from 15.50% in the previous week. The Open Buy Back (OBB) rate decreased significantly to close at 2.00% compared to 14.50% in the previous week while the Overnight rate (OVN) closed at 3.00% compared to 16.50% the previous week. …

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MPC Meeting: Experts Maintain Stance Likely To Remain Unchanged

Following the Monetary Policy Committee (MPC) of the Central Bank of Nigeria, CBN, meeting holding today and tomorrow in Abuja, a cross-section of experts believed that the decision of the 10 member committee would remain unchanged They argued that the committee would opt for an unchanged stance, which was its decision in July on a …

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CBN supports construction of 300,000 homes with implementation of N200billion FHF Initiative

……creates 1.5m jobs in 5yrs The Central Bank of Nigeria, CBN, says it planned to support the Federal Government’s Economic Sustainability programme aimed at fast-tracking the deployment of 300,000 homes in the 36 states of the federation and FCT as well as create up to 1.5m jobs in 5 years through the implementation of  N200 …

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‘Win With V’: Vbank splashes N.16 million on three lucky winners this week

VBank, your number one digital banking revolution, and Nigeria foremost virtual Bank, yesterday, Friday, September 18, gave out N160,000 to 3 lucky winners in the ‘’Win With V’’ game on VBankng Live on Instagram. Two female and one male participant emerged victorious amongst 14 participants that took part in the game, an indication that the …

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Regulating Cryptocurrency and Initial Coin Offerings: The Nigerian Perspective

Cryptocurrency has revolutionized the global monetary system and slowly evolved into a viable legal tender. Noting the increasing use of cryptocurrency in Nigeria, it is imperative that the Central Bank of Nigeria and the Securities and Exchange Commission establish regulations on the use of digital currency and clearly define what cryptocurrency is under the Nigeran …

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