Increased demand from auction parties ahead of Nigeria’s PMO
By CNBC
11 September 2019 |
8:07 pm
Ahead of yesterday's Primary Market Auction (PMO), Nigeria's interbank rates expanded further as system liquidity remained stable. To review the money markets this week, Ladi Belo, Fixed Income Trader at Access Bank joins CNBC Africa for more.
In this article
Related
24 Apr 2017
Nigeria's overnight lending rates rose 20 percentage points last Friday after the Central Bank of Nigeria sold dollar forwards to offset a backlog of forex obligations from the money market.
7 Jul 2017
The Central Bank of Nigeria injected the total sum of $195 million dollars into the inter-bank foreign exchange market on Monday.
28 May 2018
Data from the FMDQ OTC Securities Exchange shows that naira at the interbank market declined by 0.02 per cent week on week and also depreciated by 0.55 per cent week on week in the parallel market.
24 Sep 2018
As the Central Bank of Nigeria's Treasury bills Primary Market Auction winds to a close today, Chuka Nwachukwu, Fixed-Income trader at UBA joins CNBC Africa to review the fixed income and forex markets today.
15 Mar 2019
Traders say they expect interbank rates to ease further as Nigeria's markets anticipate a further liquidity boost this week. Emmanuel Mordi, Currency Trader at UBA joins CNBC Africa to review activities at the fixed income and forex markets after today's primary market auction.
29 May 2020
Traders were cautious ahead of today’s Primary Market Auction. Gbemisola Bello-Aromire, a Fixed Income Dealer at UBA joins CNBC Africa for more.
18 Nov 2020
Nigeria’s bond market traded with bearish undertone as players reacted to the bond auction calendar for the 4th quarter, and the circular by the National Pension Commission where the commission said it had concluded arrangement for the take-off of the RSA transfers. Adamma Mbachu, Team Lead of Currency Trading at Access bank speaks to CNBC Africa for more.
16 Nov 2020
Nigeria’s Debt Management Office offered 147.82 billion naira in today’s Primary Auction compared to the 167.82 billion Naira maturing Treasury bills. Ifeoma Onyejekwe, Fixed Income Trader at UBA tells CNBC Africa’s Esther Awoniyi how market participants reacted to the auction as well as what to expect from a possible OMO auction on Thursday.
23 Nov 2020
Nigeria’s bond market traded with bearish undertone as players reacted to the bond auction calendar for the 4th quarter, and the circular by the National Pension Commission where the commission said it had concluded arrangement for the take-off of the RSA transfers. Adamma Mbachu, Team Lead of Currency Trading at Access bank speaks to CNBC Africa for more.
29 Nov 2020
Nigeria’s Debt Management Office offered 147.82 billion naira in today’s Primary Auction compared to the 167.82 billion Naira maturing Treasury bills. Ifeoma Onyejekwe, Fixed Income Trader at UBA tells CNBC Africa’s Esther Awoniyi how market participants reacted to the auction as well as what to expect from a possible OMO auction on Thursday.
26 May 2021
Nigerian traders expect the incoming 110-billion-naira OMO maturity to improve market liquidity today. Ahead of today’s monetary policy announcement, Chioma Udu, Forex Dealer at GT Bank spoke to CNBC Africa on what the market anticipates from the MPC.
Latest
3 mins ago
China said the device deviated from its route, and "accidentally strayed over Latin America and the Caribbean." This comes even as the US is seaching for the remains of the suspected surveillence balloon it shot down.
19 mins ago
During the 2023 GRAMMY Awards held on Sunday night, Beyoncé collected her 32nd trophy, making history as the most-awarded Grammy winner of all time. Beyoncé was awarded Best Dance/ Electronic Recording for her single Break My Soul, and Best Dance/ Electronic Album for the lead's record Renaissance.
1 hour ago
Eddy Kenzo keeps scaling heights in music. The Ugandan who won admiration at home for winning attention at the Grammys is unrivaled among east African singers. Fans say he embodies hope that even the poorest can triumph.
1 hour ago
The Belgian government is assessing whether to extend the life of three nuclear reactors that had been due to close in 2025, citing a need to "reduce risks in the energy supply" in lieu of the war in Ukraine.
1 hour ago
After 20 years working for a big IT firm and spending his vacations connecting with the natural world, Gautum Shah decided to quit his job and use his skills to do something he truly cared about: preserving wildlife. His production company Internet of Elephants makes games using real conservation data. The idea is to boost preservation efforts by helping people feel closer to wild animals.