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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