Increased demand from auction parties ahead of Nigeria’s PMO
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.
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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.
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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.
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Traders were cautious ahead of today’s Primary Market Auction. Gbemisola Bello-Aromire, a Fixed Income Dealer at UBA joins CNBC Africa for more.
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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.
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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.
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