Weekly Market Review: March 2025, Edition 3

march 2025 edition 3

“…THE PERSISTENCE OF CORE INFLATION FORCES INVESTORS TO RECALIBRATE THEIR REAL YIELD EXPECTATIONS AS THEY RECONCILE SHORT-TERM IMPROVEMENTS WITH LONGER-TERM STRUCTURAL CHALLENGES.”

Weekly Market Review: March 2025, Edition 1

march 2025 edition 1

There is a growing consensus that the CBN Governor will need to adopt a more conservative approach to policy decisions, especially given the rapid fluctuations seen in recent weeks.

Weekly Market Review: February 2025, Edition 4

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 […]

Weekly Market Review: February 2025, Edition 3

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, […]

Weekly Market Review: February 2025, Edition 2

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, […]

Weekly Market Review: February 2025, Edition 1

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. […]

Weekly Market Review: January 2025, Edition 4

January 2025 edition 2

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 […]