Monday, August 5, 2019

Tag "Bonds"

    CBN to limit banks’ access to bonds, treasury bills

CBN to limit banks’ access to bonds, treasury bills

The monetary policy committee of the Central Bank of Nigeria (CBN) has directed that a regulatory framework that will limit the access of banks to bonds and treasury bills be put in place.Godwin Emefiele, CBN governor, made this known in Abuja on Tuesday while addressing the press at the end of the committee's meeting."Unfortunately, we have observed that rather than [...]

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    DMO: Nigeria’s debt hit N22.7trn in Q1 2018

DMO: Nigeria’s debt hit N22.7trn in Q1 2018

Nigeria’s total debt rose slightly by 4.5 percent to N22.7 trillion in the first quarter of 2018, the country’s debt management office (DMO) has said.In a statement issued on the DMO’s website on Wednesday, it said the increase was largely due to a growth in the domestic debts of states and the Federal Capital Territory (FCT).The proceeds from the $2.5 [...]

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    Nigeria raises N160bn at yields below inflation

Nigeria raises N160bn at yields below inflation

Nigeria has raised N160bn ($525 million) in local currency bonds at its second debt auction this year.The bonds were raised at yields lower than inflation rate.The Debt Management Office (DMO) announced that it initially wanted to raise N110bn, but increased the offer due to demand, which was pegged at N337.03bn - a figure higher than N235.05bn demand at its previous sale.The [...]

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    Nigerian Markets: End of week summaries

Nigerian Markets: End of week summaries

Stock MarketWeekly activities on the Nigerian Stock Exchange (NSE) ended on Friday on a negative note, as the All-Share Index dipped 0.10 per cent due to price depreciation. The index lost 40.96 basis points to close at 41,529.11 against 41,570.07 achieved on Thursday.Market capitalisation, which opened at N13.726 trillion, lost N14 billion or 0.10 per cent, to close at N13.712 [...]

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Exchange Rates

August 01, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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