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Rates Expected to Trend Higher on Tighter System Liquidity: T-Bills & FGN Bonds Indicative Rates

In line with our expectation, performance in the T-Bills market last week was bullish on the back of an improved system liquidity following inflows – fixed income instruments maturities and FAAC disbursements worth about N935bn. Consequently, average rates across tenors declined 94bps W-o-W to 12.20%. The bullish sentiment was observed […]

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FMDQ Clear, Frontclear partner to deliver first-class clearing structure in Nigeria

FMDQ Clear Limited and Frontclear signed an agreement to jointly enhance Nigeria’s first central clearing house structure, with the support of a settlement guarantee fund. The collaboration is the culmination of a long-standing working relationship focused on improving how the Nigerian OTC financial market functions and follows-on an initial introduction […]

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