April 7, 2017/Cordros Research

Click here to download full PDF Report

• Performance was mixed across global equities in March, with economic data, government policy, geopolitical tension, oil price movements, currency swings, and money policy decisions playing host.

• Nigerian equities market rebounded, posting its first monthly gain of the year, with the All Share Index advancing by 0.74%.

• Demand remained pressured by still-tight liquidity in the Nigerian treasury bills market, with average yield moving northward by 42bps m/m to close at 17.55%.

• Investors remained upbeat in the bond market, with average yield declining by 42bps m/m to 16.27%, from 16.69% in February.

• The LCY strengthened largely in the parallel market space in the month of March, as the central bank continued to build on its policies.