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<p>Data from the Central Bank of Nigeria shows the country recorded a fresh high in remittance inflows, reaching 553 million dollars in July this year. This marks a 130 per cent year-on-year increase. Meanwhile, investors fix their attention to the 409-billion-naira T-bills auction today as cautious trading remains the main sentiment given the large oversell at this Monday’s bond auction. Uzor Anakebe, Treasury Team Member at Access Bank joins CNBC Africa for more on the market.</p>


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Nigeria’s remittance inflows up 130% y/y at $553mn in July 2024

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<p>This week’s auctions are fueling a quiet market tone. The latest is today’s 409 billion naira T-bills auction as investors await the PMA results. Chuka Nwachukwu, Head of ALM and Balance Sheet Management at UBA joins CNBC Africa for more market movements.</p>


UBA: Investors await outcome of midweek PMA

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<p>The domestic equities market has largely remained bearish this week attempting to reverse losses majorly due to bargain hunting on Oando, Stanbic and Seplat. Patrick Ejumedia, Head of Research at Sterling Asset Management and Trustees joins CNBC Africa for more market movements.</p>


Can Nigeria’s equities reverse bearish run?

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<p>Stakeholders from both the public and private sectors converge at the Africa Social Impact Summit 2024 to deliberate and foster sustainable solutions to Africa’s most pressing challenges. CNBC Africa brings you highlights from the 2-day event.</p>


Africa Social Impact Summit 2024: Highlights Special

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<p>Investors are taking position ahead of 2 bond auctions slated for next Monday. The first is the opening subscription for Nigeria&#8217;s maiden 500-million-dollar domestic USD bond. The second is the 190-billion-naira August bond auction. Meanwhile, Traders at UBA say the prevailing market sentiments in the domestic space remain calm as the week draws to a close. Kenneth Onuoha, Team Member, Assets and liabilities at UBA joins CNBC Africa to discuss likely investors&#8217; moves.</p>


Will Nigeria’s bond offers secure investors’ buy-in?

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<p>Investors have their attention fixed on Nigeria&#8217;s first ever dollar-denominated domestic bond. The government is hoping to raise $500 million from local and foreign investors. Emmanuel Orji, Treasury Team Member at Access Bank joins CNBC Africa for more market movements.</p>


Investors anticipate Nigeria’s maiden domestic dollar bond

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<p>The Arab Bank for Economic Development in Africa says it is finalising its 5-year strategy which will be released later this year to unveil new innovative products for the African continent. CNBC Africa in this Focus On unpacks the success of the BADEA 2030 strategy and what to expect in the 2074 framework.</p>


Focus On: Understanding BADEA’s 2030 strategy & 2074 framework

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<p>Traders at UBA say investors are tactically increasing exposure ahead of Monday’s primary market auction. Chuka Nwachukwu, Head of ALM and Balance Sheet Management at UBA joins CNBC Africa to discuss market sentiments.</p>


Investors position ahead of bond auction

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<p>The Arab Bank for Economic Development in Africa clocks 50 reflecting on the journey of impact and growth marked by partnerships between Africa and the Arab world. CNBC Africa in this special broadcast brings you highlights of this year’s celebration in Accra, Ghana featuring the introduction of the Arab-Africa Financial Consortium and much more.</p>


Focus On: BADEA 50th Anniversary Highlights

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<p>The treasury bills market witnessed a wide bid-ask spread as trades thin out on the 2025 papers. Analysts at Access Bank say they expect investors to continue to cherry-pick high-yielding papers. Dimeji Obasa, Fixed income Dealer at Access Bank joins CNBC Africa for a mid-week market review.</p>


Investors cherry-pick high-yielding T-bills

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<p>Investor&#8217;s sentiments at the Nigeria equities market have remained positive as buy interest in some bellwether stocks, driven by half-year results and dividend announcements reignite interest in the stock market. Muktar Mohammed, an Analyst at Assar Investments, joins CNBC Africa for a market update.</p>


Investors renew interest in bellwether stocks

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<p>Investors are in a cautious mode today in anticipation of the outcome of today’s Retail Dutch and T-bills auction. Meanwhile, traders at UBA say bond appetite remains weak. Chuka Nwachukwu, Head of ALM and Balance sheet Management at UBA joins CNBC Africa for more market movements.</p>


UBA: Investors await Retail Dutch, T-bills auction result

<p><iframe loading="lazy" src="https://www.youtube.com/embed/MkgRV_b67do" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Traders at Access Bank say the outcome of today’s Retail Dutch Auction by the Central Bank will dictate market trends going forward. Meanwhile, Nigeria has introduced its Series-1 Domestic US Dollar-denominated Bond as it hopes to raise at least $500 million from local and international investors. Ahmed Agboola, Head of Currency Trading at Access Bank joins CNBC Africa for more market movements.</p>


Access: CBN’s Retail Dutch Auction to dictate market trends

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<p>Traders at UBA say a bearish bias lingers at the short end of the bond curve despite the increased demand on the 2027 paper. Meanwhile, the market anticipates Nigeria will issue $500 million in domestic foreign currency-denominated bond this month. Chuka Nwachukwu, Head of ALM and Balance Sheet Management at UBA joins CNBC Africa for more market movements.</p>


UBA: Bearish bias lingers despite demand on 2027 bond

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<p>Traders at Access Bank say investors continue to demand for short-dated papers, with the October-to-December 2024 T-bills being the most sought-after as investors seek to utilize their liquidity.  For the bond side, offers center on the May 2033 paper. Chukwunonso Ifejiofor, Treasury team member at Access bank joins CNBC Africa for more market movements.</p>


Access: Investors focus on short-dated maturities

<p><iframe loading="lazy" src="https://www.youtube.com/embed/0YvSXoFegNY" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Traders at UBA say they expect mixed sentiments from investors at the Treasury Bills market following Tuesday’s poor OMO auction as no sale was recorded at the auction despite the 86.5-billion-naira worth of bids for the 364-day maturity. Kenneth Onuoha, Team Member, Assets and Liabilities at UBA joins CNBC Africa for more market discussions.</p>


UBA: T-bills to see mixed sentiments on poor OMO outing

<p><iframe loading="lazy" src="https://www.youtube.com/embed/UC0cdh1AJP8" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Market activity is primarily concentrated in the t-bills space this week as investors favour short-term maturities amid the hawkish interest rate environment. For the bond side, mild buy interest is seen at the short end of the curve especially the 2033 and 2034 maturities. Kenneth Onuoha, Team Member, Assets and Liabilities at UBA joins CNBC Africa for more market movements.</p>


Reuters

Nigeria’s remittance inflows up 130% y/y at $553mn in July 2024

UBA: Investors await outcome of midweek PMA

Can Nigeria’s equities reverse bearish run?

Africa Social Impact Summit 2024: Highlights Special

Will Nigeria’s bond offers secure investors’ buy-in?

Investors anticipate Nigeria’s maiden domestic dollar bond

Focus On: Understanding BADEA’s 2030 strategy & 2074 framework

Investors position ahead of bond auction

Focus On: BADEA 50th Anniversary Highlights

Investors cherry-pick high-yielding T-bills

Investors renew interest in bellwether stocks

UBA: Investors await Retail Dutch, T-bills auction result

Access: CBN’s Retail Dutch Auction to dictate market trends

UBA: Bearish bias lingers despite demand on 2027 bond

Access: Investors focus on short-dated maturities

UBA: T-bills to see mixed sentiments on poor OMO outing

UBA: Investors favour short-term T-bills

News Tips

Advertise With Us

Reuters

Nigeria’s remittance inflows up 130% y/y at $553mn in July 2024

UBA: Investors await outcome of midweek PMA

Can Nigeria’s equities reverse bearish run?

Africa Social Impact Summit 2024: Highlights Special

Will Nigeria’s bond offers secure investors’ buy-in?

Investors anticipate Nigeria’s maiden domestic dollar bond

Focus On: Understanding BADEA’s 2030 strategy & 2074 framework

Investors position ahead of bond auction

Focus On: BADEA 50th Anniversary Highlights

Investors cherry-pick high-yielding T-bills

Investors renew interest in bellwether stocks

UBA: Investors await Retail Dutch, T-bills auction result

Access: CBN’s Retail Dutch Auction to dictate market trends

UBA: Bearish bias lingers despite demand on 2027 bond

Access: Investors focus on short-dated maturities

UBA: T-bills to see mixed sentiments on poor OMO outing

UBA: Investors favour short-term T-bills

News Tips

Advertise With Us

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