By Zedcrest Partners ltd FGN Bonds The Bond Market opened on a mixed note, with pockets of demand skewed on select maturities (2021s, 2027s & 2049s) following inflows of c.N65bn in FGN coupons credited today. Overall, yields on the benchmark curve expanded in anticipation of supply from the FGN Bond auction […]
Tag: Nigeria Eurobond
Central Bank Shocks Markets, Excludes Non-Banks from OMO Auction
Zedcrest Partners Ltd Bonds The FGN Bond market continued on a quiet note for the second consecutive trading session. We noticed slightly improved offers from market participants across most securities but very little volumes passed. Yields consequently remained unchanged on the average across the benchmark yield curve. We maintain a cautious […]
CBN AND BANKING CHARGES IN NIGERIA – A Regulator gone Rogue?
By Dr Charles Omole FIRST A GLOBAL PERSPECTIVE The exploitation of customers by their banks is a global phenomenon. In the USA, 6.5 percent of households are unbanked, meaning they don’t have a bank account at all. Half of those affected report it’s because the fees are too expensive. JPMorgan Chase, for […]
Nigerian Eurobonds Weaken as Trade war Depresses Oil Prices
By Zedcrest Capital ***Nigeria’s GDP slows to 1.94% in Q2 2019, as non-oil sector contracts*** Eurobonds The NGERIA Sovereigns weakened further, as a decline in oil prices from the trade war escalation and possible increase in output by the OPEC+ weighed on sentiments during the session. The NGERIA corps were the […]