As expected, activities within the review week were influenced largely by the FGN primary market bond and OMO bills auctions; also, speculation over the April inflation numbers released towards the end of the week (headline: 9.1%) - and the upcoming MPC
The dominant theme for the review week was the observed interest from offshore investors; other major highlights of the week include the mid-week treasury bills auction; the release of the May 2013 FGN bonds auction offer circular. We equally noted in the
The Central Bank of Nigeria on the authority of the Debt Management Office on behalf of the Federal Government Of Nigeria Offers for Subscription by Auction and is authorized to receive applications for
The infrastructure deficit in Nigeria is significantly large and the financial requirements to fund this gap are equally high. Estimated in excess of N2.3-3.0 trillion per annum over a 10-year period, the current trend in Nigeria’s government spending ind
In line with our expectations, activities within the review week were influenced largely by the OMO bills auctions and marginal increase in demand as a result of an observed renewal of interest from offshore investors in the domestic bond market.
During the week under review, we observed a shift to a more cautious approach following a sell-off in the market; this came on the back of the OMO auctions that occurred throughout the week
Listing of 14.75% Osun Dec 2019 – Osun State N30 billion fixed Rate Bond (Series1) 2012/2019 under the N60,000,000 debt issuance programme was admitted on The Exchange on 23rd April, 2013.
The direction of activities during the review week was influenced largely by the FGN primary market bond auction, the release of the March 2013 inflation figures and the persistent issuance of OMO bills.
All registered Capital Market Operators (CMOs) are directed to note that henceforth they are required to maintain a fidelity bond which has a validity period from January to December of each year. Any fidelity bond which does not conform to this standard
During the week under review, we observed a cautious approach following a sell-off and slowdown of market activities; this came on the back of the OMO auctions that occurred throughout the week, the mid-week treasury bills auction, the release of the Apri
The Central Bank of Nigeria on the authority of the Debt Management Office on behalf of the Federal Government Of Nigeria Offers for Subscription by Auction and is authorized to receive applications for
During the review week, the general direction of activities was influenced largely by the issuance and maturity of OMO bills, the issuance of a special OMO and a renewed interest from both domestic & foreign investors.
During the review week, N31.84 billion worth of 91day treasury bills was offered and sold at the rate of 11.00% against 10.45% at the previous auction, whilst N59.08billion worth of 182day was offered and sold at the rates of 11.15% against 10.65% during
The review week was one of the busiest in recent months in view of key developments such as 1) the release of the FGN bond & treasury bills auction calendars for 2Q2013; 2) the release of February 2013 inflation numbers, and; 3) the meeting of the Monetar
In line with our expectations, activities within the review week was influenced largely by the FGN primary market bond & OMO bills auctions and speculation about the upcoming economic events (release of the February 2013 inflation figures & MPC meeting) d
During the week under review, we observed a shift to a more cautious approach following a sell-off in the market; this came on the back of the OMO auctions that occurred throughout the week, the mid-week treasury bills auction and the release of the March
The transaction was filed by G. Elias on behalf of the Companies. It involved the Acquisition of 100% shareholding in Access Investment and Securities Ltd by Dunn Loren Merrifield Investment Company.
The Central Bank of Nigeria on the authority of the Debt Management Office on behalf of the Federal Government Of Nigeria Offers for Subscription by Auction and is authorized to receive applications for
FTSE Group (FTSE), part of London Stock Exchange Group (LSEG), and TMX Group on February 27 2013 announced that they had signed a definitive agreement to combine their fixed income index businesses in a new joint venture. FTSE TMX Debt Capital Markets
During the review week, the general direction of activities was influenced largely by the maturity of OMO bills and a renewed interest from foreign investors.
The Federal Government is set to retire bonds amounting to N75 billion this week as it moves to jumpstart its strategic plan to tackle the nation.s huge domestic debt through a sinking fund.
The major highlights of the review week were the release of the January 2013 inflation figures, maturity of the 5.50% February 19, 2013 (c.N490bn) and the disbursement of c.N270billion monthly budgetary allocation (FAAC). Other highlights of the week incl
The Government of Nigeria, yesterday announced the appointment of JP Morgan as the custodian of the $1 billion Sovereign Wealth Fund (SWF), preparatory to the formal take-off of the fund in March 2013.
The direction of activities during the review week was influenced largely by the FGN primary market bond auction and speculation on the January inflation figures - due to be released during the week - and the c.N490billion government bonds due to mature d
Successful bids for the 15.10% FGN APR 2017, 16.00% FGN JUN 2019, 16.39% FGN JAN 2022 and 10.00% FGN JUL 2030 were all allotted at the Marginal Rates of 10.6775%, 10.9600%,10.8000% and 10.9000% respectively.
In our assessment of the market last week, the key drivers of activities were the release of the monthly FGN bonds offer circular, treasury bills auction and OMO bills issuance and maturity. Pre- and post-event reactions to these developments by traders l
The World Banks private sector arm, IFC, issued 12 billion naira ($75 million) worth of its debut Nigerian local currency bond on Tuesday with a yield of 10.2 per cent. Jingdong Hua, vice president and treasurer of the International Finance Corporation,
The week under review was characterised by liquidity tightening by the CBN and profit taking as investors repositioned in line with month-end portfolio alignment. This resulted in relative sustained intra-day volatility and subsequent sustained drop i
Retail Bond Trading is a new product offering by the Nigerian Stock Exchange (NSE) that will afford retail and other investors the opportunity to buy and sell bonds on the floor of the NSE.
A bond is a debt security (loan) issued by a Government, Governmental Agency, or a Corporation. It is basically an "IOU" issued by one party to another. The bondholders (or investors) are the lenders, and the issuer is the borrower. The borrower promises
As expected, the key drivers of activities during the review week were the outcome of the MPC meeting, FGN primary market bond auction by the DMO, treasury bills auction by the CBN and the maturity of N150 billion worth of government bonds.
Key highlights of the week under review are the release of the quarterly FGN bond auction calendar by the DMO, release of December 2012 inflation numbers and general speculation on the outcome of key economic events coming up in the week ahead, which incl
During the review week, N30.16 billion worth of 91day treasury bills was offered and sold at the rate of 11.55% against 11.70% at the previous auction, whilst N50.40 billion and N85.85 billion worth of 182day and 364day were offered and sold at the rates
The world’s leading economies will have $220 billion less sovereign debt to refinance in 2013, cutting supply after every major government bond market rallied for the first time since the 2008 financial crisis