01222017Sun
Last update: Sun, 22 Jan 2017 03pm

Middle East & Africa

Markets - Fixed Income - Middle East & Africa

Nigeria to auction 138bn naira in treasury bills LAGOS: Nigeria plans to sell 138.16 billion naira ($454.47 million) in short-dated treasury bills at an auction next Wednesday, the central bank said on Tuesday. In a public notice, the bank said it would raise 36.78 billion naira in three-month papers, 35 billion naira in six-month bills and 66.38 billion naira in one-year bills. Payment for the purchases would be made on Thursday. Nigeria issues treasury bills to raise cash to fund the budget deficit, manage banking system liquidity and curb rising inflation. Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

South Africa's rand weakens alongside commodity currencies JOHANNESBURG: South Africa's rand weakened in line with other commodity-driven currencies on Tuesday as the price of gold and other metals eased.Rand trades 0.7 percent weaker at 13.9200 by 0700 GMT, after ending Monday trade at 13.8250.Currency mirrors gold, a key export earner for South Africa, which is down in contrast with a stronger dollar amid speculation the Federal Reserve will raise U.S. interest rates in December.Local manufacturing output data at 1100 GMT to give ...

Markets - Fixed Income - Middle East & Africa

Yields on Nigerian treasury bills fall at auction LAGOS: Yields on Nigeria's short-dated treasury bills fell across the board at an auction on Wednesday, when the central bank sold bills worth 129.67 billion naira ($411.65 million). A total of 28 billion naira of 3-month paper was sold at 13.90 percent compared with 14 percent at the Sept. 21 auction, central bank data showed on Thursday.The bank sold 33.49 billion naira of 6-month debt at 17.09 percent after 17.27 percent previously. It also sold ...

Markets - Fixed Income - Middle East & Africa

Yields on Uganda's 2-year, and 15-year T-bonds fall KAMPALA: Yields on Uganda's two-year and 15-year Treasury bonds fell at auction on Wednesday where a total of 160 billion shillings ($47.13 million) worth of the two papers were offered, the central bank said.The weighted average yield on the two-year bonds declined to 15.891 percent from 16.625 percent at their last sale on August 10.The rate on the 15-year bond also dropped to 16.593 percent from 17.501 percent at the last auction also on July ...

Markets - Fixed Income - Middle East & Africa

Nigeria to raise 129.6bn naira in treasury bills next week LAGOS: Nigeria plans to raise 129.67 billion naira ($403.01 million) in short-dated treasury bills at an auction next Wednesday, the central bank said on Friday. The bank said it would raise 28 billion naira in three-month paper, 33.49 billion naira in six-month bills and 68.18 billion naira in one-year bills. Payment for the purchases will be made on Thursday, the bank said in a public notice. Nigeria issues treasury bills to raise cash to fund ...

Markets - Fixed Income - Middle East & Africa

Yields drop at Egypt's six-month, one-year T-bill auction CAIRO: Yields on Egypt's six-month and one-year treasury bills dropped at an auction on Wednesday, data from the central bank showed. The average yield on the 182-day bill fell to 15.750 percent from 15.794 percent at the last auction on Sept. 22, and the yield on the 357-day bill fell to 16.424 percent from 16.437 percent at a similar auction. Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

South Africa's rand firms, stocks slip in edgy global trade JOHANNESBURG: South Africa's rand firmed on Monday, shaking off a slight dip in sentiment towards emerging market currencies to resume a recent rally as the dollar stumbled ahead of the first debate between the two US presidential candidates. By 1515 GMT the rand had gained 0.58 percent to 13.6400 per dollar, compared to a close at 13.7200 on Friday. With no significant domestic data releases in the session, the rand looked offshore for direction and ...