Market Trends
CBN Floats Treasury Bills to Balance Liquidity, Gauge Market Rates
The Central Bank of Nigeria has conducted a Treasury bills auction as part of its ongoing liquidity management strategy, amid heightened investor sensitivity to inflation trends, monetary policy signals, and government borrowing needs.
The auction featured offerings across short-term, medium-term, and longer-dated maturities, reflecting the authorities’ continued reliance on domestic instruments for funding and liquidity control.
Market analysts noted that investor interest remains stronger at the longer end of the curve, as participants seek to lock in returns amid uncertainty over the future direction of interest rates.
Despite signs of easing inflation, yields have remained under pressure, driven by concerns about inflation reversals and the central bank’s cautious monetary stance. Recent auction outcomes suggest that policymakers are prioritising price stability and exchange-rate management.
Trading activity in the secondary Treasury bills market has remained subdued, with most instruments closing flat as investors adopted a wait-and-see approach ahead of primary auctions and liquidity operations.
Market sentiment has remained cautious, with selective positioning reflecting expectations that yields may stay elevated in the near term.
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NNPC completes River Niger crossing of OB3 gas pipeline, boosts national gas network
By: Amarachi Okonkwo The NNPC Gas Infrastructure Company (NGIC), a subsidiary of NNPC Limited, has completed the River Niger Crossing of the 130-kilometre Obiafu-Obrikom-Oben (OB3) Gas Pipeline, marking a major milestone in Nigeria’s gas infrastructure expansion. The crossing, executed approximately two kilometres beneath the River Niger riverbed, was delivered using advanced horizontal directional drilling (HDD)…
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Naira stability, rising GDP spark hopes of poverty decline
By: Amarachi Okonkwo Nigeria’s economy may be entering a recovery phase, with output growth now surpassing population expansion, a shift analysts say could lay the groundwork for sustained poverty reduction if maintained. This is the central finding of a new report by Quartus Economics, which points to a strong rebound in 2025 following a challenging…
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Nigeria, Malaysia trade hits N1.82tn in five-year Surge
By: Amarachi Okonkwo Nigeria’s trade relationship with Malaysia has deepened significantly, with total bilateral trade reaching approximately N1.82 trillion over the past five years, according to the Nigeria Customs Service (NCS). In a statement issued on Thursday, the agency’s National Public Relations Officer, Abdullahi Maiwada, disclosed that imports from Malaysia rose sharply from N159.9 billion…