While Stakeholder Honest Active Participation, Improved Identity Management & Data Validation as well as Active Legislation and Law Enforcement are critical to driving credit in the...
Welcome to Nairametrics‘ summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills and Bond.
Daily performance of major economic indicators and highlights from tradings sessions and key statistics such as T-bills, bonds, FX rates, inflation, oil price.
The OBB and OVN rates remained stable to close the month at 6.00% and 7.17% respectively
The OBB and OVN rates crashed by c.11pct to 5.00% and 6.25% respectively
US Fed raises interest rates, gives bullish outlook for economy Bonds The Bond market remained relatively flat, with yields compressing marginally by c.2bps, following slight buys...
The T-bills market traded on a relatively flat note, with mixed trading sentiments witnessed over the course of the day.
At the parallel market, the cash rates depreciated by 10k to N359.80/$, while the transfer rate remained unchanged at N362.00/$.
The OBB and OVN rates remained relatively stable, closing today at 4.17% and 4.75% respectively,
We expect rates to remain moderated tomorrow due to expected inflows from OMO T-bill maturities (c.N218bn).