Fixed Income
News & Analysis from Nigeria's Fixed Income Markets
CBN drops interest rates on 1-year treasury bills by 42.4 bps to 20.7%
The CBN conducted another auction of Treasury bills (NT-bills) on April 12, 2024, with the yield on the 364-day bills...
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DMO to raise N450 billion in April bond auction
The Debt Management Office is seeking to raise N450 billion in its April bond auction to take place on April...
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Commercial Paper issuance declines by 75% in Q1 2024, as government securities dominate
Nairametrics' data tracking reveals a significant 75% year-on-year decline in the issuance of commercial papers in Nigeria. In Q1 2024,...
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FG plans domestic foreign currency denominated bonds issuance in Q2 2024
The federal government plans to begin the issuance of domestic bonds denominated in foreign currency starting from the second quarter...
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Again, CBN sells N652 billion OMO bills at 21% interest rate
The CBN leveraged higher interest rates to attract a strong turnout from investors, effectively utilizing OMO bills to absorb excess...
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DMO to issue April 2024 Savings Bonds at 18.046%
The Federal Government through the Debt Management Office has opened offers for the April 2024 Savings Bond, with rates reaching...
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Naira defence to cost CBN N1.01 trillion in interest rates from Q1 NTB auctions
The Central Bank of Nigeria’s (CBN) aggressive stance on the naira defence is projected to lead to an enormous interest...
Read moreCBN sells N1.64 trillion in treasury bills as higher interest rates attract investors
The Central Bank of Nigeria (CBN) successfully conducted an auction of Nigerian Treasury Bills (NTBs) on March 27, 2024, which...
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Over subscription of FGN securities having a positive effect on exchange rate – ABCON
The Association of Bureau De Change Operators of Nigeria (ABCON) has stated that the oversubscription of recent FGN securities is...
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FG raises N475.67 billion in March bond auction over rising rates rally
The Federal Government has raised N475.67 billion in its March bond auction, capitalising on the current rally in rising rates....
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