Controlling Financial Pressures: The FG & CBN Gold Moves
Prologue This week in the financial markets has indeed been a rollercoaster, with several key events shaping the scope of the markets. The CBN deliberations and policies have been a focal point, as they signal a tightening monetary policy, thereby underscoring the importance of careful adjustments in response to evolving economic data, highlighting the delicate […]
Market Watch: The CBN, CBN Bonds, & Inflation
Prologue In this volume, we explore recent developments in the Nigerian financial market, focusing on the Central Bank of Nigeria’s (CBN) efforts to stabilise the naira through its first dollar sale since September 2023. Additionally, amidst a pullback in equities, we examine the cautious market sentiment preceding FGN bonds market activity and the optimistic rally […]
The Intersection of Finance, Geopolitics & Market Dynamics
Prologue This edition of our weekly review focuses on the intricate interplay between finance, geopolitics, and market dynamics. Over time, the Nigerian Treasury Bills (NTBs) auction has been a crucial economic event, reflecting market sentiment and investor confidence. Against the backdrop of escalating global tensions in the Middle East, we analyse the key market highlights […]
Market Buzz: Central Bank’s Actions, Auctions Implementations
Prologue As the first month came to an end, the Central Bank conducted the month’s last OMO auction, featuring various tenors. The FGN Bonds auction had its own twists, with all tenors maintaining the previous stop rates. Behind the scenes, the Central Bank raised concerns about banks’ foreign currency exposures and introduced prudential requirements. In […]
Economic Development and Financial Outlook
Prologue The Nigerian financial markets witnessed a dynamic week marked by key events in the money market, inflationary trends, and international economic engagements. It unfolded with economic vigor as it became a stage for pivotal events spanning the money market, inflationary trajectories, and global economic liaisons. The spotlight shone brightly on the Open Market Operations […]
Peaks and Valleys in Nigeria’s Finance
Prologue Amidst Nigeria’s financial outlook, the week unfolded with anticipation and uncertainty. Budget revelations,In the heart of Nigeria’s financial markets, the past week was a whirlwind of events, marked by two pivotal auctions – the Nigerian Treasury Bills (NTBs) and the Open Market Operations (OMO), amongst many others. These concurrent actions sparked diverse outcomes, triggering […]
Decoding Nigeria’s 2024 Fiscal Maze: Budget, Bonds, and Beyond
Prologue Amidst Nigeria’s financial outlook, the week unfolded with anticipation and uncertainty. Budget revelations, fluctuating yields, market surges, and the unveiling of a new stablecoin all marked the rhythms of the economy. As the naira wrestled with volatility and the country’s economic pulse quickened, a tale of financial ebbs and flows emerged, shaping the path […]
Regulatory Signals Drive Markets Into New Year
Prologue The end of the year 2023 was characterized by a significant drop in Nigerian fixed income yields largely due to the belief that the CBN was not keen on conducting Open Market Operations (OMOs) in the future and partly driven by excess liquidity in the banking system. Although many stakeholders opined that consistent OMOs […]
Long Walk to Freedom
In the week under review, the regulatory resolve to change the fortunes of the country remained crystal clear. The government is undoubtedly making efforts to address the foreign exchange problem by attracting foreign investments and obtaining external financing through a range of creative structures recently explored. Although there was some uproar about outstanding airline FX […]
Naira Soars: Markets Astonished by Currency Revaluation
Prologue The Central Bank of Nigeria (CBN) has successfully restored confidence in the Nigerian economy as it moved to clear outstanding FX obligations. The resultant surge across the economic landscape was notable as the pivotal moment came with the Naira’s rapid appreciation against the Dollar to close the week $/₦776.14 at the Nigerian Autonomous Foreign […]
