Money Market

CBN Responds to Global Economic Conditions; Depreciates Naira

Culled—-Proshare March 21, 2020 Zedcrest Capital Below are highlights of trading activities in the fixed income and forex market on March 20, 2020 FGN Bonds Yields in the Bonds Markets continued its recovery, as bids improved across the curve. The most axes remained on the mid- (2028s & 2036s) to […]

Nigerian Central Bank Sells U.S. Dollar at Weaker Rate Than Previous Peg

March 20, 2020 Culled—Proshare by Chijioke Ohuocha of Reuters, Edited by Edmund Blair and Giles Elgood   The Nigerian central bank has sold the U.S. dollar to local Jaiz Bank at 360 naira on the official currency market, weaker than the 306 where it was previously pegged, implying a 15% […]