The Week that was (Feb 8-12, 2021) Key highlights were the DMO’s announcement on Ways & Means, PMA sales and FX moves. DMO concedes ground, CBN holds the line: At the primary market auction (PMA) on Wednesday where the CBN, on behalf of the DMO, sought to rollover NGN170billion worth of NTB maturities, demand remained […]

The Week that was (Feb 1-5, 2021) Key highlights were the surprise hike at the OMO auction and the devaluation along NDF contracts. In terms of interest rates, the front-end remains pressured due to turmoil across money markets where liquidity levels have been tight recently while across the long end, markets have calmed with bulls […]