Tag: auction

Annual market review: This is how Uganda Securities Exchange performed in 2019

Bank of Uganda (BoU) held its last Treasury Bills (T-Bill) auction of 2019 on December 18th to raise $59.96 million. However, the previous bill auction had an underwhelming performance in terms of amount raised with the Central Bank only managing 88.07 per cent of the amount offered. Also last week, trading turnover dropped by 36.36 per cent to 23.81 relative to $37.28 million the previous week. Oscar Emasu, Research Analyst at Crested Capital joins CNBC Africa for a review on how the money market faired this year.

Bond markets to continue posting gains on bullish sentiments: Nigerian money markets

The Central Bank of Nigeria (CBN) sold 363 billion Naira in Thursday’s Open Market Operations (OMO) Auction out of N447 billion subscription. Nifemi Adeniyi – Team lead of liquidity Management at Access Bank joins CNBC Africa for a focus on Nigeria’s fixed income and Forex market.

CBN to auction n34.4bn T-Bills

The Central Bank of Nigeria (CBN) will offer n34.4 bn naira worth of T-bills in today’s auction. To discuss expectations for the auction and an outlook on this week’s trading at Nigeria’s money market, Bosun Obembe, Forex and Derivatives Trader at Access Bank joins CNBC Africa for more.

CBN mops up 264bn naira in Thursday’s OMO auction

Traders say the 264 billion naira mopped up at Thursday's OMO auction had little impact on Nigeria's currently liquid money market. Taiye Owonubi, Senior Portfolio manager at AXA Mansard joins CNBC Africa for more.

You know you’re rich when you buy this — a $379,261 handbag is the most expensive ever sold at auction

Leah Ginsberg | @lginzy Would you rather have a house or a handbag? If you have to choose, you can't afford the Hermès white Himalaya crocodile diamond Birkin bag that Christie's just unloaded...

Nigeria’s central bank to sell $100 mln at forward, spot forex auction

Nigeria's central bank said on Tuesday it will sell $100 million at a special wholesale spot.

Kenya cancels sale of 30 bn shillings Treasury bond

Traders said this was the first cancellation of a bond auction by the bank in recent years.

Nigeria sells $1 bln to help clear backlog in dollar

Efforts to cut dollar demand have been largely unsuccessful due to low oil prices.