By Aduragbemi Omiyale Money market investors in Nigeria have been assured that despite the current economic challenges, yields will remain high this year. According to analysts at FBNQuest, this would be supported by the resolve of the Central Bank of Nigeria (CBN) to sustain tight monetary policy amid inflationary pressure and the foreign exchange (FX)… Continue reading Yields to Remain High for Money Market Investors in Nigeria
Tag: money market
Experts Preach Income Diversification to Employees, Entrepreneurs
By Modupe Gbadeyanka The importance of income diversification has been emphasised to salary earners, individuals, self-employed and small business owners by some experts who spoke at the workshop organised by Ecobank Nigeria to commemorate this year’s Worker’s Day. At the event themed Maximising Your Income: the Power of Diversification, participants were urged to make deliberate… Continue reading Experts Preach Income Diversification to Employees, Entrepreneurs
Money Market Rates Crash to 10.14% Amid Inflows of N33bn
By Dipo Olowookere The average money market rates depreciated on Thursday by 5.6 percent to settle at 10.14 percent, Business Post reports. This came on the back of the inflows of N33 billion from the maturing Open Market Operations (OMO) bills yesterday, which improved system liquidity. At the close of transactions yesterday at the money… Continue reading Money Market Rates Crash to 10.14% Amid Inflows of N33bn
T-Bills Market Bullish as Money Market Rate Adds 6.04%
By Dipo Olowookere The treasury bills market was bullish on Monday as investors prepare for the sale of the government’s debt instrument via primary market tomorrow. Business Post reports that market players are of high hopes that treasury bills yields will increase as towards the end of the year and early next year, when the… Continue reading T-Bills Market Bullish as Money Market Rate Adds 6.04%
T-Bills Yields Shed 0.05% as Money Market Rates Lose 0.50%
By Dipo Olowookere On Tuesday, the average treasury bills yields depreciated by 0.07 percent as the market traded positive. A slight demand by investors was observed at the market yesterday in the absence of an OMO auction by the Central Bank of Nigeria (CBN). According to analysts at Zedcrest Research, yields are expected to remain… Continue reading T-Bills Yields Shed 0.05% as Money Market Rates Lose 0.50%
Financial Inclusion: SEC, CBN Engage Citizens on Money Market
By Modupe Gbadeyanka Securities and Exchange Commission (SEC) has commenced a financial inclusion sensitization campaign aimed to ensure citizens get involved in the money market. The apex capital market regulator, at the campaign over the weekend in Karshi, Abuja, said it aims to achieve increased level of financial inclusion of Nigerians by the year 2020.… Continue reading Financial Inclusion: SEC, CBN Engage Citizens on Money Market
Any Rate Cut by MPC Will Lead to Negative Real Yield—FSDH
By Modupe Gbadeyanka Analysts at FSDH Research have warned that any attempt by the Monetary Policy Committee (MPC) to cut rate at its meeting next week will lead to a negative real yield, with a possible significant capital flight from Nigeria by foreign investors. FSDH, in its latest report obtained by Business Post, said it… Continue reading Any Rate Cut by MPC Will Lead to Negative Real Yield—FSDH
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… Continue reading NIBOR Moderates on Improved Financial System Liquidity
NIBOR Moves in Mixed Directions
By Cowry Assets Last week, 282-day bills worth N7 billion matured, however, interbank rates moved in mixed directions across the tenor buckets. NIBOR for overnight funds and 1 month fell to 14.63 percent (from 38.46 percent) and 20.74 percent (from 20.77 percent) respectively. However, the 3 months and 6 months rose week-on-week to 22.39 percent… Continue reading NIBOR Moves in Mixed Directions