• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets

Daily update on Treasury Bills, Bonds, Forex, oil price and more

Zedcrest Capital by Zedcrest Capital
November 23, 2018
in Markets, Securities
Nigerian stock exchange, All share index, Nigerian bourse, Investors, Bulls gather momentum ASI up 0.48%, gained N55.3 billion, Dangote ,MTN & Gtbank hit a home run as Nigeria’s bourse continues bullish momentum
Share on FacebookShare on TwitterShare on Linkedin

Daily performance of major economic indicators and highlights from tradings sessions and key statistics such as T-bills, bonds, FX rates, inflation, oil price.

  • Crude Oil prices hit 1-year lows, investor sell-offs hit Eurobonds
  • Brent crosses below national budget benchmark, increases pressure on reserves

KEY INDICATORS

Bonds

The Bond market closed the week on a relatively quiet note, as yields traded flat across the curve. Market participants continue to trade cautiously in the interim as most investors expect yields to trend up as election activities begin to kick in.

RelatedStories

Nigeria hires Citibank, JPMorgan, Goldman Sachs as advisers for first Eurobond after two years – Report 

Nigeria’s Eurobond yield drops to 39-day low as investor interest rises 

February 6, 2025
5 Consumer stocks you should consider for your portfolio 

How much is your N1 Million investment worth in forex vs. equities vs. bonds? 

January 14, 2025

In the coming week, our expectations for a weaker market remain in the light of subdued oil prices and general risk off sentiment on FGN bonds.

Treasury Bills

The T-bills market closed the week on a bullish note supported by a very liquid Money Market. Yields across the T-bills curve compressed further by c.2bps to close the week at c.13.43% on the average.
We expect the bullish sentiments to continue into next week with most trading activities skewed towards the short and long end of the curve.

Money Market

The OBB and OVN rates ticked higher today to close at 5.83% and 6.58% as liquidity remained robust despite the expected outflows via CBN FX Retail Intervention and Bond auction debit. System liquidity is estimated to close today at c.N500bn

We expect rates to open the coming week higher as market participants provide funding for FX Wholesale interventions by the CBN.

FX Market

At the Interbank, the Naira/USD rate remained unchanged to close at N306.75/$ (spot) and N359.81/$ (SMIS). At the I&E FX window a total of $249.28bn was traded in 354 deals, with rates ranging between N358.00/$ – N365.60/$. The NAFEX closing rate depreciated by c.0.16% to N364.70/$ from N364.10/$ previously.

At the parallel market segment, the cash and transfer rates both remained unchanged to close N364.00/$ and N366.50/$ respectively.

Eurobonds

Bad news for Sub-Saharan Africa’s government debt, especially the NGERIA Sovereigns, as investors sold off oil related sovereign debt notes in reaction to the continuous decline in Oil prices. Oil prices today crossed the $60pb mark, trading at $59.06pb, the lowest level seen since October 2017.

Consequently, Yields on the NGERIA Sovereigns inched up further by c.16bps on the average across the curve. Major losers include NIGERIA 27s losing c.30bps on the day while the 30s & 31s both closed the session c.19bps higher.

NGERIA Corps tickers also showed weakness across most tracked tickers. Yields expanded the most on the DIAMBK 19s, Zenith 19s and 22s papers by c.129bps, c.64bps and c.41bps respectively.


Disclaimer:
Whilst proper and reasonable care has been taken in the preparation and accuracy of the facts and figures presented in this report, no responsibility or liability is accepted by Zedcrest Capital or its employees for any error, omission or opinion expressed herein. This report is not an investment research or a research recommendation and should not be regarded as such. The information provided herein is by no means intended to provide a sufficient basis on which to make an investment decision.


Follow us for Breaking News and Market Intelligence.
Tags: BONDSEurobondMPRtreasury billsZedcrest Capital
Zedcrest Capital

Zedcrest Capital

Related Posts

Nigeria hires Citibank, JPMorgan, Goldman Sachs as advisers for first Eurobond after two years – Report 
Fixed Income

Nigeria’s Eurobond yield drops to 39-day low as investor interest rises 

February 6, 2025
5 Consumer stocks you should consider for your portfolio 
Financial Literacy

How much is your N1 Million investment worth in forex vs. equities vs. bonds? 

January 14, 2025
Why The Naira Is Gaining Against The Dollar.
Digital Media

How Much Money Do You Need To Start Investing?

November 30, 2024
IMF tells FG to increase electricity and fuel prices by phasing out subsidies
Op-Eds

Why IMF reforms keep failing in Nigeria and across Africa

November 25, 2024
AfriGO announces a groundbreaking “First” – Upgraded AfriGO settlement process for instant credit to POS Merchants
Budget

Nigeria plans to issue $1.7 billion Eurobond to fund 2024 budget 

November 15, 2024
Tinubu sacks five ministers, appoints seven new ones amid cabinet reshuffle  
Op-Eds

Management of the Nigerian economy: Staying the course but pausing to reflect

October 31, 2024
Next Post
Cosmas Maduka

How Cosmas Maduka moved from an Underaged apprentice to a multi-billionaire

Comments 1

  1. Yomi Akere says:
    December 11, 2018 at 11:31 am

    Thanks so much. Quite educative.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • NDLEA intercepts 157,800 bottles of codeine syrup worth over N1.1 billion at Rivers State 
  • Nigeria’s crude oil export falls by over 16% to N12.95 trillion in Q1 2025
  • Lagos govt seals Okota building for channeling raw sewage into public drainage 

Follow us on social media:

Recent News

NDLEA intercepts 157,800 bottles of codeine syrup worth over N1.1 billion at Rivers State 

NDLEA intercepts 157,800 bottles of codeine syrup worth over N1.1 billion at Rivers State 

June 15, 2025
Latest crude oil price drop threatens Nigeria’s revenue and naira stability 

Nigeria’s crude oil export falls by over 16% to N12.95 trillion in Q1 2025

June 15, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics