Monthly Fixed Income Market Update | April 2024-Bearish Streak Sustained
Higher Yields Propelled by Interest Rates The Nigerian secondary Fixed Income (FI) market continued its bearish trend in April 2024. The Nigerian Treasury bills (NT-bills) market witnessed a significant negative performance, as the average yield surged by 454bps Month-on-Month (MoM) to close at 22.20%, reflecting the high interest rate environment. In contrast, the FGN Bond […]
March 2024 Monthly Fixed Income Market Update | Where are Yields Rising to?
Where are Yields Rising to? At the end of March 2024, the secondary Fixed Income (FI) market continued to note upward pressure on yields on a Month-on-Month (MoM) basis. The average yield in the Nigeria Treasury bills (NT-bills) market increased by 76bps MoM to close at 17.66%. Similarly, the FGN Bond market closed negative as […]
Monthly Fixed Income Market Report | February 2024
Monthly Fixed Income Market Report In February, the Nigerian fixed income market experienced a significant increase in yields. The FGN bond market average yield surged by 273bps Month-on-Month (MoM) to close at 17.22%, while the average yields in the Nigerian Treasury Bills market jumped by a significant 775bps MoM to settle at 16.90%. Overall, the […]
Understanding the Nigerian Stock Market: A Beginner’s Guide
The Nigerian stock market, also known as the Nigerian Stock Exchange (NSE), is a vibrant and rapidly growing financial market that plays a crucial role in the Nigerian economy. Whether you’re a novice investor eager to dip your toes into the stock market or an experienced individual looking to expand your investment horizons, understanding the […]
Everything you need to know about Treasury Bills
What are Treasury Bills? Treasury Bills are short term government debt instruments issued by the CBN. This is one of the several ways the government raises funds. The CBN also uses treasury bills to control money supply in the economy. How are Treasury Bills Sold? Treasury Bills are sold through a bi-weekly auction conducted by […]
