Monthly Archives: October 2022
Nigeria Fixed Income Weekly
The Week that was (October 17-21) CBN rule change on SLF access drives low subscription at the auction, yields return to 15-16%: In the lead up to the October 2022 bond auction, the CBN had released a circular reiterating its rule that access to its discount lending window would not be available to banks on […]
Nigeria Fixed Income Weekly
The Weeks that were (Oct 1-15)Tight liquidity conditions push interbank rates over 16%: Following the September 2022 MPC meeting where the CBN delivered a 150bps hike in the key MPR rate and more importantly a 500bps increase in the CRR to 32.5%, liquidity conditions across the banking system have generally thinned out. This is evident […]
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