Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Financial market update

    Financial market update

    August 19, 2011
    Share
    Facebook Twitter LinkedIn WhatsApp

    19 August, 2011, Sweetcrude –International News:· EUR: The euro and commodity currencies such as the Australian dollar came under pressure on Friday after a raft of weak U.S. economic data and concerns about European banks sent skittish investors piling into U.S. Treasuries and away from stocks.

    · AUD/NZD: The Australian and New Zealand dollars dropped to one-week lows on Friday as investors avoided risky assets for the safety of bonds after dire U.S. data raised the spectre of world recession while concerns about European banks mounted.

    · CNY: The yuan fell slightly against the dollar on Friday as traders said a weaker-than-expected central bank fixing sparked a wave of shorting covering in dollars, although the market was still confident in continued yuan appreciation in the near term.

    Nigeria News
    · Bonds – The yield curve adjusted to the new unexpected primary cutoff rates at Wednesday’s auction given pre-auction secondary market levels, liquidity levels in the cash market and volume on offer. Yields were expected to come off lower but traders however remained cautious as the general drop in demand for bonds gets further prolonged.

    · Bills – Relatively quiet session seen with drop in trade volumes, still no buying interest seen in the market despite the liquidity inflow and drop in the headline inflation rate to 9.20percent. Activities expected to pick up next week.

    · Money Market – Unsecured O/N rate eased 400bps today to 7.00 percent, approved FAAC funds of NGN320bn was credited today, cash markets remain liquid up a total of NGN447bn.

    · Interbank
    FX
    Hi                 Low             Close          Prev.Close
    USD/NGN
          153.70/80    153.55/65      153.65/75  153.70/80

    Related News

    Can the African Energy Bank transform the continent’s refining and downstream future?

    FG strengthens partnership with Impact Investors to drive Nigeria’s economic transformation

    Nigeria’s export earnings hit N20.6trn in Q1 2025, outpacing imports

    E-book
    Resilience Exhibition

    Latest News

    FG reiterates commitment to port automation

    June 14, 2025

    Seplat Energy earns CIPS Procurement Excellence Standard Certificate 

    June 14, 2025

    Meta signs deal for advanced geothermal power in New Mexico

    June 14, 2025

    IEA says it stands ready to tap emergency oil stocks, OPEC sees no need

    June 14, 2025

    China solar industry to address overcapacity challenge but turnaround far off, experts say

    June 14, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.