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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SUNU Assurances targets N9.34bn via rights issue
SUNU Assurances Nigeria Plc has commenced a rights issue to raise N9.34bn from existing shareholders as part of efforts to strengthen its capital base and expand operations in Nigeria’s insurance sector. The company is offering 2,075,285,715 ordinary shares of 50 kobo each at N4.50 per share. According to the Company Secretary, Taiwo Kuku, the offer…
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Allgreen to invest $10bn in 80m clean cookstove rollout
Allgreen Energy NV has announced plans to invest $10bn in the rollout of 80 million clean cookstoves across Nigeria under a large-scale energy transition programme. The investment was unveiled in Lagos during a media briefing organised by GreenPlinth Africa, where stakeholders also signed a manufacturing agreement for the first batch of 24 million cookstoves. The…
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OPay expands access to N1.2bn scholarship scheme
OPay has expanded its scholarship programme with the signing of Memoranda of Understanding with four tertiary institutions across Nigeria. The new partner institutions are Benue State Polytechnic, Kogi State Polytechnic, Montgomery Polytechnic, and Alex Ekwueme Federal University. With the addition, the total number of participating institutions in the programme has increased to 24 nationwide. The initiative is a N1.2bn, 10-year…