March 12, 2015/Bloomberg Investors skittish about Nigerian assets as plunging oil prices pummel the West African nation’s economy are casting their eyes across the continent to Kenya. Yields on Kenya’s 10-year Eurobonds, which were 128 basis points higher than comparable Nigerian debt when they were sold in June, are now […]
Money Market
Nigeria Raises N91 billion in Bonds-DMO
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) –The Debt Management Office (DMO) said on Thursday Nigeria has raised N91 billion ($456.14 million) at a bond auction it held on Wednesday with yields rising by more than one (1) percent across all tenors. A summary of auction result for March 2015 on […]
Naira Trades N226/$1 in Black Market on Strong Demand
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The naira on Thursday traded for N226 to a dollar in the parallel (Black) market on continuous strong demand among the major global currencies. In the same vein, the BDCs sell pounds sterling at N333/£1 while they buy around N328/£1, the BDCs also […]
