Mid-Week Market Review: February 2025, Edition 4
Commodities Oil prices took a sharp dip last Friday, dropping over 3% per barrel. This decline came as investors reassessed the diminishing risks associated with the Middle East and weighed in on the ongoing uncertainty surrounding a potential peace deal in Ukraine. Brent crude futures ended the day at $74.25 per barrel, down by $2.37, […]
Weekly Market Review: February 2025, Edition 4
Prologue In the aftermath of the 299th Monetary Policy Committee (MPC) Meeting, which also marked the first gathering of the year 2025, the Central Bank of Nigeria (CBN) has opted to maintain the Monetary Policy Rate (MPR) at 27.50%, a decision that reflects the cautious approach adopted by the apex bank following an aggressive tightening […]
Mid-Week Market Review: February 2025, Edition 3
Commodities Last week, oil prices saw early declines amid growing speculation about a potential peace agreement between Russia and Ukraine. Traders expressed concerns that lifting sanctions on Moscow could boost global energy supplies, leading to a shift in market sentiment. This shift moved the focus from fears of supply tightness to worries about an oversupply, […]
Weekly Market Review: February 2025, Edition 3
Prologue Analysts are divided about the potential direction of the Central Bank of Nigeria’s (CBN) policies. The expectation of a stable Naira, coupled with a possible reduction in inflation, could create an environment conducive to a more tempered approach to monetary policy. In the views of many, the CBN, recognizing the need for balanced growth, […]
Mid-Week Market Review: February 2025, Edition 2
Commodities Oil prices experienced a near 2 percentage points increase on Monday, rebounding after three consecutive weeks of declines. Despite this rise, investor concerns persist. Brent crude futures settled at $76.05 per barrel, reflecting a $1.36 rise. WTI crude similarly advanced, gaining $1.41 to reach $72.47 per barrel. Market analysis suggests a growing recognition that […]
Weekly Market Review: February 2025, Edition 2
Prologue The posture exhibited at the auction last Wednesday indicates a broader trend in the Nigerian fixed-income market, where demand for government securities continues to outpace supply, particularly amid the uncertainty of inflationary developments and revaluation of the Naira. For many investors, the NTB market remains one of the few viable options for relatively low-risk, […]
Mid-Week Market Review: February 2025, Edition 1
Commodities Oil prices dropped on Monday during a volatile trading session. US WTI crude oil declined by 0.87% to $73.16, while Brent crude futures fell by 1.04%, closing at $75.96 per barrel. Despite President Trump’s calls for OPEC+ and Saudi Arabia to reduce prices, no changes were made to oil production plans during the OPEC+ […]
Weekly Market Review: February 2025, Edition 1
Prologue The Federal Government, through the Debt Management Office (DMO), conducted its first bond auction of the year on Monday, aiming to raise ₦450 billion—the total amount on offer for the three offered tenors. The funds raised will play a crucial role in financing capital projects outlined in the 2025 budget or paying existing debt. […]
Mid-Week Market Review: January 2025, Edition 4
Commodities The oil market experienced noticeable fluctuations last week. Brent crude began the week at $79.72 per barrel, traded as high as $79.99, dipped to a low of $76.92, and ultimately closed at $77.55. Meanwhile, WTI crude opened at $78.19, reached a high of $78.47, fell to a low of $74.01, and ended the week […]
Weekly Market Review: January 2025, Edition 4
Prologue The first FGN Bond auction for 2025 set to take place on Monday is expected to draw significant interest from both local and foreign investors. The Nigerian government has announced that it will be offering a whopping N450 billion in bonds, split across three maturities: N100 billion for the April 2029 bond, N150 billion […]
