Opening market liquidity on Friday was N721bn (positive).

Opening market liquidity on Friday was N721bn (positive). There was a retail fx SMIS refund. Interbank rates closed within a range of 2%-10%. There was no OMO auction on Friday. On the secondary market for NTBs, there was a dip in yields for selected maturities.

The FGN bond market was active, yields narrowed across the curve. As for the Eurobond market, yields contracted for all maturities under our coverage, except for one corporate.

The CBN’s daily fx intervention was again US$0.5m at N305.05. Turnover at the NAFEX plunged from US$296m on Thursday to US$78m. Indicative rates ranged from N350 to N361. The USD struggled for direction on Friday, unmoved by economic data as trade uncertainty and Middle East tensions stayed in the back of investors’ minds.

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Ezeadichie Onyeka Michael is the Co-Founder of Haelsoft, a Professional Services Company in Nigeria that provides Information and Technology Services for small and big size companies in Nigeria(Africa). He is an Entrepreneur and Venture Capitalist with Expertise in Web Technology and Digital Marketing. He has developed & Implemented Digital Marketing Strategies(Campaigns) for top brands across sectors in Finance, Telecommunication, Ecommerce who operate in the African market. His professional experience includes key roles at Google Business Group(Nigeria), Google Women on the Web (Nigeria), Edubridge Consultant and Wild Fusion where he has trained over 500 Entrepreneurs on how to use various Web Technology products to succeed online. Customer centricity, User Experience, Conversion optimization are 3 pronged framework he applies around the often-frenetic world of web analytics to ensure that clients stay competitive in the market. He believes that investing in talent is the key to long term success for brands across Nigeria (Africa).

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