Weekly Market Report: April 25th, 2025
Fixed Income in Focus: The banking system opened the week liquid at ₦374 billion, rising by ₦1.4 trillion to close the week at ₦1.7 trillion. The NTB secondary market saw balanced sell-offs as investors repositioned ahead of Wednesday’s auction, which cleared at significantly lower stop rates. The bond market stabilized, with the 2031s and 2033s […]
Weekly Market Report: April 17th, 2025
Fixed Income in Focus: Liquidity opened at ₦290 billion but declined by ₦393 billion, closing in a ₦103 billion deficit, mainly due to FX settlements late in the week. The secondary market for NTBs and FGN bonds was active, with a recovery seen as yields eased from the previous week. The 2031 and 2033 bonds […]
Weekly Market Report: April 11th, 2025
Fixed Income in Focus: Liquidity opened at ₦906bn and closed the week at ₦303bn. The market remained largely offered, weighed down by geopolitical tensions and a delayed auction notice. Yields rose early in the week, with OMO bills reaching 24%, while FPI sell pressure drove NTB yields above previous stop rates. Despite strong demand, the […]
Weekly Market Report: March 21, 2025
Fixed Income in Focus: Liquidity deficit worsened by ₦1.2tn, closing at ₦1.9tn and marginally pushing yields higher. NTB activity started slow, with pockets of demand. But tight liquidity and excess supply signaled rising yields, prompting heavy offloading ahead of Wednesday’s auction, where 364-day NTB stop rates rose by 155 bps compared to previous auction. Bonds […]
Weekly Market Report: March 28th, 2025
Fixed Income in Focus: Liquidity improved by ₦1.9tn, closing at ₦998bn, driven by NTB maturities, bond coupon payments, and FACC inflows. Monday’s bond auction saw higher stop rates of 19.00% and 19.99% on the reopened 29s and 33s. Investors locked in NTB rates, anticipating a slight decline against Wednesday’s auction, which saw a 31-bps drop […]
Market Hapennings
Heading Lorem ipsum dolor sit amet, consectetur adipiscing elit. Morbi interdum massa sit amet sapien interdum finibus. Nunc aliquam lorem ut interdum pharetra. Donec fermentum mollis commodo. Quisque ac euismod ex, vitae malesuada purus. Aenean a tincidunt erat. Aenean gravida sodales ipsum in efficitur. Ut tristique a risus sed scelerisque. Cras urna nulla, egestas id […]