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Yields on short-dated Nigerian debt seen higher JOHANNESBURG: Nigerian Treasury bill yields are expected to rise next week as the central bank tightens liquidity to bolster the naira. In Kenya, T-bill yields are set to fall in line with slowing inflation. NIGERIA Yields on short-dated Nigerian fixed-income assets are seen inching up next week as the central banks tightens liquidity to shore up the naira. The currency of Africa's top crude-oil producer has been under pressure following last week's suspension of central bank governor Lamido Sanusi. Offshore investors sold Nigerian debt and equities. Dealers said the central bank has issued around 130 billion naira ($787 million) in OMO (open market operations) securities on Thursday and Friday to further tighten liquidity, using higher yields to attract demand. "Yields on OMO bills have gone up to around 13.1 percent from 12 percent previously as the central bank increased the frequency of Treasury bill sales to mop up liquidity from ...

Nigeria 10-year bond yield drops 18 bps; pressure eases after selloff LAGOS: Yields on Nigeria's 10-year debt dropped 18 basis points to 14.07 percent as selling pressure eased, a day after the suspension of the central bank governor caused a selloff in its bond, currency and stock markets. The 2022 benchmark debt, listed in the JP Morgan emerging government bond index and the most liquid, witnessed renewed buying from domestic pension funds, dealers said.Copyright Reuters, 2014 ...
Kenya 91-day T-bill yield dips to 9.116pc NAIROBI: The weighted average yield on Kenya's 91-day Treasury bill edged lower to 9.116 percent at auction on Thursday from 9.154 percent last week, the central bank said. The Central Bank of Kenya said it received bids worth 1.42 billion shillings ($16.49 million) for the 3 billion shillings worth of paper on offer. It accepted all offers. Copyright Reuters, 2014 ...
Portugal's T-bill yields fall to 4-year lows at auction LISBON: Portugal's short-term borrowing costs fell to their lowest levels at auction for more than four years on Wednesday, underpinning the country's efforts to make a trouble-free exit from its international bailout this year. The IGCP debt agency said it sold all 1.25 billion euros ($1.71 billion) of Treasury bills on offer, comprising 1 billion euros of 12-month and 250 million of 3-month paper, amid healthy demand. "Today's T-bill auctions further illustrate that Portugal continues ...
Nigeria bond yields rise as funds sell LAGOS: Yields on Nigeria's government debt rose 12 basis points across all maturities in midday trading on Thursday as foreign investors sold down their holdings, dealers said. There has been a broad emerging market sell-off this week as the US Federal Reserve continues tapering its bond buying programme, which had kept global markets awash with cash. Yields on 5-year, 7-year and 10-year bonds, all listed on JP Morgan's emerging market government bond index, rose in ...
South African rand weakens against dollar JOHANNESBURG: The rand weakened against the dollar on Tuesday as investors trimmed risk due to uncertainty about the US Federal Reserve's scaling back of its monetary stimulus. South Africa's currency fell up to 0.9 percent to 10.3750 to the dollar compared with Monday's close, and was trading down 0.6 percent at 10.3430 at 1537 GMT. Local traders came in on Tuesday after a long weekend and offloaded some rands as investors ...
Yields climb on 9-month Egyptian T-bills CAIRO: Yields on nine-month Egyptian treasury bills rose at an auction on Sunday, Egypt's central bank said, while the yield on 91-day T-bills fell.The average yield on 266-day treasury bills increased to 11.211 percent from 11.190 percent in an auction of 273-day bills last week, the central bank said, while the yield on 91-day T-bills decreased to 10.993 percent from 11.013 percent last week."The market is increasingly favouring shorter-dated securities. It seems the market isn't ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln