Fri. Nov 22nd, 2024

NIBOR Moderates on Improved Financial System Liquidity

By Cowry Asset

In the just concluded week, the Nigerian Inter-bank Offered Rate (NIBOR) increased for most of the tenor buckets amid renewed liquidity strain.

On the other hand, NITTY moved in mixed directions across the maturities.

Meanwhile, FGN bond prices at the OTC moved in mixed directions across the maturities.

However, Nigeria’s Sovereign Eurobond prices appreciated at the London Stock Exchange (LSE) on sustained bargain hunting.

By Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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