May 2017 Inflation Report - NBS

The Consumer Price Index (CPI) which measures inflation increased by 16.25 percent (year-on-year) in May 2017. This was 0.99 percent points lower the rate recorded in April (17.24percent).

Accordingly, this represents the fourth consecutive decline in the rate of inflation since Ja...

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Nigeria Treasury Bills PMA Result - 14th June 2017

Primary Market Auction  Results
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Why Signing Of 2017 Budget Was Delayed – Osinbajo

The Acting President, Professor Yemi Osinbajo, on Monday, said the delay in the signing of the 2017 Appropriation Bill was due to disagreements between the executive and the National Assembly.

He said this at the Presidential Villa after signing the budget, one month after it wa...

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CBN Injects $400m Into Forex Market

The Central Bank of Nigeria intervened in the inter-bank foreign exchange market with $413.5 million yesterday, to guarantee liquidity in the system.

A breakdown of the latest round of intervention...

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Daily Market Update - 9th June 2017

We witnessed renewed interest in FGN bonds during yesterday’s trading session with demand largely driven by offshore clients . The 2022s, 2024s and 2036s bonds witnessed the most patronage with yields compressing by 5bps across the yield curve.  We expect the demand to continue today, ...

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Fixed Income Market Report for 7th of June 2017

The bond market opened on a relatively flat note with slight demand observed on the 2022 and 2036 bonds. However, during the course of the trading session, we saw market sell off the 2036 bonds as yields on that maturity trended below the 16% mark. Consequently bond yields closed on a flat note w...

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Fixed Income Market Report for 5th of June 2017

The bond market opened today on a quiet note with some slight  buys on the 2036s bonds at the start of market. However, towards the close of the trading session, we saw sell-off on the 2024 and 2036 bonds. Consequently, the bond yield curve traded flat with more of the trade volumes skewed t...

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