The Central Bank of Nigeria (CBN) offered N330 billion across three maturities in an Open Market Operation (OMO) Auction. For a focus on activities shaping Nigeria’s fixed income and Forex market, Tunde Adama, Head of Trading at CITI Nigeria joins CNBC Africa.
Traders say the pressure on funding rates is likely to increase in Nigeria’s money market as the market is not slated to receive any inflow today. Currently, investors’ appetite in the bonds market remains soft. To discuss the trends in Nigeria’s fixed income and Forex market, Bukky Aregbesola, Head of Fixed Income at Access Bank joins CNBC Africa for more.
Traders say the bearish treasury bills market was triggered by expectations of an Open Market Operations (OMO) auction later this week. To discuss this and other activities in Nigeria’s fixed income and forex market, Yinka Yomi-Tokosi, Leader of Asset and Liability Management at Access Bank (AC) joins CNBC Africa for more.
Nigeria's National Bureau of Statistics says consumer inflation increased by 11.37 per cent in April, which is higher when compared to the 11.25 per cent rise in March. Bankole Odusanya, Head of Fixed Income Trading at UBA joins CNBC Africa from the banking floor to discuss this and other stories impacting Nigeria’s fixed income and forex market.