LATEST NEWS

Equities market closed today on a negative note, as NSEASI depreciated by -0.74% to close at 27,574.32 points as against 1.28% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -12.27%.

The average money market rate rose significantly by 20.04% to settle at 23.57% from 3.54% in the previous week due to constraints in system liquidity during the week. The system liquidity is estimated to have closed the week at N34 billion from N692 billion at the opening of market on Monday.

Last week, the Treasury Bills ("T-Bills") secondary market closed on bearish note as investors sold off to take position in the Primary Market and OMO auctions. Consequently, average yield across all tenors advanced 8 bps W-o-W to settle at 13.4%. Sell pressures were witnessed on the short and mid- segments of the curve as average yield rose 5bps and 39bps respectively.