The Week that was (June 11-14):  – CBN’s no-show stuns debt markets driving yields lower CBN wrong foots markets sending interest rates south: Last week was eventful – in between the World Cup kicking off in Russia and the long awaited US-North Korea talks which ended in a whimper, the US Federal Reserve hiked rates […]

The Week that was (June 4-8):  – CBN tightens but market liquidity remains robust CBN continues to sap system liquidity but to limited effect : The CBN continued to move against excess system liquidity as it issued NGN232billion worth of OMO bills which is in excess of OMO maturities of NGN215billion. This net issue had […]