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Thursday, August 13, 2020

Students, Travelers Groan as Banks Suspend ATM Cash Withdrawal Abroad

A number of Deposit Money Banks in the country have barred their customers from using debit and credit cards to withdraw dollars, euros, pounds and other foreign currencies whenever they travel abroad, investigation by our correspondent has revealed. The development may put business and leisure...

Investors bid N234bn for N150bn bonds offer — DMO

The Debt Management Office (DMO) says the Federal Government’s February bonds received over N234 billion from investors for the N150 billion that was offered. A statement obtained from the DMO website on Wednesday in Abuja said that the auction had three instruments, for five, seven...

1 Month Treasury Yield Drops to Single Digit in Absence of OMO Sales…

In the just concluded week, NITTY further moderated for most maturities tracked on sustained buy pressure – yields on, 1 month, 3 months and 12 months maturities fell to 9.85% (from 12.07%), 12.05% (from 12.25%) and 17.18% (from 17.34%) respectively. However, yield on the...

CBN Holds Off on OMO Sale as Funding Rates Moderate

Oil Jumps As Saudis Plan Further Production Cuts*** Bonds The Bond market traded on a slightly bearish note on the back of continued profit taking mostly on the 2028s, while bids got weaker across the curve, as market sentiments dampened in anticipation of the February Bond...

FGN Bond Yields Fall for Most Maturities Tracked amid Sustained Buy Pressure…

In the just concluded week, Debt Management Office (DMO) allotted bonds worth N150 billion, viz: 12.75% FGN APR 2023 (5-Yr Re-opening) worth N1.50 billion, 13.53% FGN MAR 2025 (7-Yr Re-opening) worth N12.25 billion and 13.98% FGN FEB 2028 (10-Yr Re-opening) worth N136.25 billion respectively. ...

Naira up N364.57 per dollar on Investors and Exporters window

The Naira, yesterday, appreciated to N364.57 per dollar in the Investors and Exporters (I&E) window due to a 21 percent rise in the volume of dollars traded. Data from FMDQ showed that the indicative exchange rate for the window dropped to N364.57 per...

WEEKAHEAD-AFRICA FX: Nigeria’s Naira seen steady as Kenya, Uganda shillings and Ghana cedi remains weaker

NAIROBI, Jan 26 (Reuters) - Nigeria's naira will hold steady, traders said as Kenyan and Tanzanian shillings and Ghana's cedi are seen weakening against the dollar in the coming week, while NIGERIA Nigeria's naira is seen broadly stable on the parallel and official foreign exchange market next week...

WEEKAHEAD-AFRICA-FX: Ghana, Zambia currencies to weaken, Naira, others to remain steady

ACCRA, May 17 - The Ghanaian Cedi and Zambian kwacha are forecast to extend losses against the dollar in the next week to Thursday, while Nigeria and other currencies are expected to hold steady, traders said. NIGERIA The Nigerian naira is seen stable against the dollar...

AFRICA Forex: Nigeria’s naira, Ghana’s cedi to steady as regulators step in

JOHANNESBURG Feb 2 (Reuters) - Nigeria's naira, Ghanaian cedi set to steady in the coming week as regulators step in to meet forex shortages, while a weaker dollar is seen boosting other African currencies. NIGERIA Nigeria's naira is expected to trade within a recent range after...

Nigerian Govt set to issue N15bn Green Bond

The Federal Government is set to issue a second Series II Green Bond of up to N15 billion. The Debt Management Office (DMO) in a statement, released in Abuja said the fresh issuance is coming as a result of “the successful debut Green Bond...
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