<p><iframe loading="lazy" src="https://www.youtube.com/embed/NDrdxougLT4" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Traders at UBA say they expect a tight liquidity in the treasury bills market as investors continue to remain on the sell side. Kenneth Onuoha, Team Member, Assets and Liabilities at UBA joins CNBC Africa for more market movements.</p>


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UBA: Profit taking to persist on tight liquidity

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<p>Activities at the bond market remain minimal this week due to illiquidity in the system and reduced investors’ appetite. For the T-bills side, a similar trend persists as offers continue to dominate the long end of the curve. Ademola Osuntoki, Treasury Team Lead at Access Bank joins CNBC Africa for more market movements.</p>


Access: Illiquidity, low bond appetite fuel quiet run

<p><iframe loading="lazy" src="https://www.youtube.com/embed/_w4DjPEvhKE" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Traders at UBA expect the lingering quiet market trend to persist due to illiquidity in the system. Meanwhile, the volume of dollars traded at the Nigerian Foreign Exchange Market is up 74 per cent year-on-year to $22.88 billion in the first half of this year. Chuka Nwachukwu, Head of ALM and Balance Sheet Management at UBA joins CNBC Africa for mid-week market movements.</p>


Turnover in NAFEM rises 74% to $22.88bn in H1’24

<p><iframe loading="lazy" src="https://www.youtube.com/embed/dzHVbJpCWO8" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>The Nigerian equities market kicked off the year on a high following a reform-driven 2023 as investors welcomed new fiscal and monetary policies. With new attractions in the fixed-income market thinning out investors&#8217; interest in the equities market, Cordros says it expects a mute performance in the second half of the year. Ope Oluwa, Research Analyst at Cordros, joins CNBC Africa for a review and outlook of the equities market.</p>


Cordros expects mute H2’24 equities performance

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<p>The market is closing the week quiet as Investors await the outcome of today’s 150 billion naira OMO auction. Kenneth Onuoha, Team Member, Assets and Liabilities at UBA joins CNBC Africa for more market movements.</p>


Investors await ₦150bn OMO Auction result

<p><iframe loading="lazy" src="https://www.youtube.com/embed/_5gP01T6cwk" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>The naira continues its losing streak this week recording marginal depreciations against the U.S. dollar. Meanwhile, in the fixed income market, average yield in the T-bills secondary market are down marginally due to buy pressure across the curve. Emmanuel Odiaka, CEO at ECOB Capital joins CNBC Africa for the movements and outlook for the fixed income and FX market.</p>


Is the worst of naira volatility over?

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<p>Traders at UBA say the market is calm as focus remains skewed to today’s Primary Market Auction. Meanwhile, money market rates are expected to increase marginally for the rest of the week due to the bonds and T-bills auction settlement. Chuka Nwachukwu, Head of ALM and Balance Sheet Management at UBA joins CNBC Africa for more market updates.</p>


UBA: Investors await outcome of mid-week primary auction

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<p>Investors have their attention fixed on today’s 228-billion naira T-bills auction. For the bond side, traders at Access Bank expect cherry-picking to persist although on a less aggressive note given the bond auction settlement. Oladimeji Obasa, Treasury Team Member at Access Bank joins CNBC Africa for more on mid-week market movements.</p>


Investors look to ₦228bn T-bills auction for direction

<p><iframe loading="lazy" src="https://www.youtube.com/embed/okh8oq1kjV0" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>The bears continue to hold sway in the Nigerian equities market as profit taking activity continue. Meanwhile, the Securities and Exchange Commission released the framework for the banking sector recapitalization exercise. Ekene Oyeka, a Securities dealer at Norrenberger joins CNBC Africa to review the trading day and activities shaping investor sentiments.</p>


Equities: Bears hold sway

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<p>Analysts say they expect the renewed interest in banking stocks to continue as banks begin share issuance amid recapitalisation drive. Muktar Mohammed, an Analyst at Assar Investments, joins CNBC Africa for this discussion.</p>


Investors renew interest in banks

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<p>Investors in Nigeria’s fixed-income market have switched to the treasury bills market as investors move to meet unmet bids from the 44.23-billion-naira T-bills auction. Kenneth Onuoha, a Team Member; Assets and Liabilities at UBA, joins CNBC Africa for a market update.</p>


UBA: Investors move to T-bills secondary market

<p><iframe loading="lazy" src="https://www.youtube.com/embed/ZoBX3LGe8BM" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Investors at the Nigerian equities market are sticking with their sell-off stance on bellwether stocks with June starting off on a negative note. Analysts believe the overall market sentiment will remain bearish, especially given the lack of significant drivers to buoy investors’ interest over the near-term. Joshua Chinga, Sell-Side Analyst at EDC Securities, joins CNBC Africa for this discussion.</p>


Nigerian investors continue profit-taking

<p><iframe loading="lazy" src="https://www.youtube.com/embed/EWuiGD0dJII" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>The treasury bills market witnessed some bearish drive as investors switch interest from the newly issued June paper to fund obligations from Wednesday primary market auction. Analysts at UBA expect continued interest in the secondary market as investors move to fulfil their orders. Kenneth Onuoha, Team Member, Assets and Liabilities at UBA joins CNBC Africa for a market wrap.</p>


UBA: Sell-pressure seen on newly issued June paper

<p><iframe loading="lazy" src="https://www.youtube.com/embed/MAiqRawBx-w" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Analysts at UBA expect market rates to inch higher following the OMO auction settlement. Meanwhile, the Debt Management office offered a total of 221 billion Naira across the three tenor buckets at the T-bills primary market auction. Chuka Nwachukwu, Head of Assets and Liabilities Management at UBA joins CNBC Africa for this discussion.</p>


UBA: Rates to inch higher following OMO auction settlement

<p><iframe loading="lazy" src="https://www.youtube.com/embed/wtrREn1QJP0" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Traders at UBA say the T-bills market is closing the month mixed activity, with sideways interest observed in papers maturing between February and May 2025. Meanwhile, the local bonds space is trading calm though with a bearish bias. Kenneth Onuoha, Team Member, Assets and Liabilities at UBA joins CNBC Africa for more market movements.</p>


UBA: T-Bills market sentiment to remain mixed

<p><iframe loading="lazy" src="https://www.youtube.com/embed/80lrWHY-0OE" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Analysts at Norrenberger expect the Nigerian equities market remain uncertain given the current challenging macroeconomic conditions and the ongoing bank recapitalisation efforts. Meanwhile, the securities firm expects the inflation rate to slightly go up in June and FX stabilisation within the ranges of 1,200 to 1,500 naira to the U.S. dollar. Ekene Oyeka, Securities Trader at Norrenberger joins CNBC Africa for the highlights of market movements this month and the outlook for June.</p>


Norrenberger: Macro conditions, bank recapitalisation fuel market uncertainty

<p><iframe loading="lazy" src="https://www.youtube.com/embed/smxeN-fvhQ0" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Activities at the Treasury Bills market has been calm today as investors turn their attention to the 500-billion-naira OMO auction. Traders at UBA expect the sentiments to persist due to the auction. Chuka Nwachukwu, Head of ALM and Balance Sheet Management at UBA joins CNBC Africa for more market updates.</p>


naira

UBA: Profit taking to persist on tight liquidity

Access: Illiquidity, low bond appetite fuel quiet run

Turnover in NAFEM rises 74% to $22.88bn in H1’24

Cordros expects mute H2’24 equities performance

Investors await ₦150bn OMO Auction result

Is the worst of naira volatility over?

UBA: Investors await outcome of mid-week primary auction

Investors look to ₦228bn T-bills auction for direction

Equities: Bears hold sway

Investors renew interest in banks

UBA: Investors move to T-bills secondary market

Nigerian investors continue profit-taking

UBA: Sell-pressure seen on newly issued June paper

UBA: Rates to inch higher following OMO auction settlement

UBA: T-Bills market sentiment to remain mixed

Norrenberger: Macro conditions, bank recapitalisation fuel market uncertainty

T-Bills calm as investors focus on ₦500bn OMO auction

News Tips

Advertise With Us

naira

UBA: Profit taking to persist on tight liquidity

Access: Illiquidity, low bond appetite fuel quiet run

Turnover in NAFEM rises 74% to $22.88bn in H1’24

Cordros expects mute H2’24 equities performance

Investors await ₦150bn OMO Auction result

Is the worst of naira volatility over?

UBA: Investors await outcome of mid-week primary auction

Investors look to ₦228bn T-bills auction for direction

Equities: Bears hold sway

Investors renew interest in banks

UBA: Investors move to T-bills secondary market

Nigerian investors continue profit-taking

UBA: Sell-pressure seen on newly issued June paper

UBA: Rates to inch higher following OMO auction settlement

UBA: T-Bills market sentiment to remain mixed

Norrenberger: Macro conditions, bank recapitalisation fuel market uncertainty

T-Bills calm as investors focus on ₦500bn OMO auction

News Tips

Advertise With Us

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