More activity is driven by the liquidity of T-bills: Nigerian FX markets

The Central Bank of Nigeria sold $104.8 million in treasury bills on Friday in a bid to tighten liquidity in the money market while overnight lending rate fell.

Rabobank Financial Markets Research Asia Head Michael Every discusses his outlook for the markets and talks about his investment thoughts.

As players in Nigeria's fixed income space await the results of today's primary market auction, the Central Bank of Nigeria boosted liquidity in the foreign exchange space with the sale of 210 million dollars.

Nigeria's fixed income market was bearish this week due to Foreign Portfolio Investor sales and the new PENCOM regulations. That's according to Joy Iyayi, Fixed Income Trader at UBA.

Megan Greene, chief economist at Manulife Asset Management, discusses market volatility and liquidity.

Traders say Federal Account Allocation Committee (FAAC) inflows valued at 320 billion naira bolstered market liquidity in Nigeria’s Money Market as the Central Bank of Nigeria auctioned T-bills worth 89 billion naira on Wednesday. Nnamdi Olisaeloka, Fixed Income, Currencies and Commodities Analyst at Zedcrest Capital joins CNBC Africa for more.

Traders say the Naira depreciated at the I and E window by 14 basis points to 362 Naira, 39 kobo while parallel market rates remained flat at 360 niara. Adamma Mbachu, Head of Currency Trading at Access Bank, joins CNBC Africa for more.

Traders say liquidity in Nigeria’s money market improved on Thursday on the back of an Open Market Operation (OMO) maturity inflow of about N396 bn. For a review of the trading session at Nigeria’s fixed income and Forex market Constance Onyia, Fixed Income Dealer at Access Bank joins CNBC Africa for more.

The Central Bank of Nigeria (CBN) has charged 12 banks over N400bn for failing to meet the loan-to-deposit-ratio (LDR) target set by Apex Bank. CBN had set September 30th as deadline for banks in the Country to meet the 60 per cent loan-to-deposit-ratio target. To discuss this story, Omotola Abimbola, Macro and Fixed Income Analyst at Chapel Hill Denham joins CNBC Africa for more.

More activity is driven by the liquidity of T-bills: Nigerian FX markets

As liquidity concerns remain on the front burner in Nigeria’s Power Sector – to explore latest concerns within the sector and their implications for GENCOs in Nigeria, Joy Ogaji, Executive Secretary of the Association of Power Generation Companies joins CNBC Africa.

Chapel Hill says the directive by Central Bank of Nigeria (CBN) limiting individuals and local corporates from participating in Open Market Operations (OMO) Auctions, is an indication that the Apex Bank is ready to begin to roll back its balance sheet expansion, flatten or reduce the pace of growth. For a focus on Nigeria’s equities market, Macro and Fixed Income Analyst at Chapel Hill Denham, Omotola Abimbola joins CNBC Africa for more.