Culled—Proshare January 23, 2018/Zedcrest Capital ***IMF Forecasts 2.1% Growth for Nigeria in 2018*** Bonds The bond market remained weak in today’s session, with most of the trades (c.700m) done on the 2027s bond within a range of 13.42 – 13.47, slightly higher than the traded yield of 13.39% in the […]
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Reserves Accumulation via Another Window
Culled—Proshare January 22, 2018/FBNQuest Research Today’s chart shows the monthly inflows and outflows of fx through the CBN over the past year. The data series in the CBN’s Quarterly Statistical Bulletin shows the same for autonomous (ie non-CBN) sources. The split for total inflows is roughly 40% CBN and 60% […]
PMA Rates decline further with Significant Demand on the 364-day
Culled—Proshare January 17, 2018/Zedcrest Capital *** Nigeria Central Bank Governor Expects Rates to Remain Unchanged*** *** DMO releases Q1 FGN Bond Calendar*** Bonds The bond market traded on a mixed note, with most of the activity focused on the 10 and 20-yr bonds following release of the January FGN bond […]
