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

    July 27, 2011
    Share
    Facebook Twitter LinkedIn WhatsApp

    International News
    USD: The dollar sank to a three-month low against a basket of major currencies on Wednesday as markets fretted about the prospect of a U.S. debt default and downgrade, while they cautiously waited to see if Japan would intervene to weaken the yen.
    AUD: The Aussie tore to a 29-year peak against a depressed U.S. dollar on Wednesday, while debt futures slumped as an alarmingly high inflation report put a rate hike back on the agenda for this year.
    CNY: The yuan hit an all-time high versus the dollar for a sixth straight trading day on Wednesday, as the People’s Bank of China took advantage of a weak dollar to engineer further appreciation in the Chinese currency.
    Nigeria News
    MPC Highlights
    MPR raised by 75bps to 8.50%
    Bonds – Traders came out bullish in yesterday’s session despite anticipation of an expected 25-50bps hike on MPR. A volatile session is expected today as market corrects itself slightly to the 75bps hike in MPR.
    Bills – Activities ticked up marginally yesterday but still largely cautious due to the day’s MPC meeting. In reaction to the hike today at the meeting, the outlook is bearish though not sharply due to the recent selloff in the market in the last few days which have pushed yields up an average 50bps. T-bill auction holds today for the 91, 182 & 364days tenors where cut-off rates are expected to be higher than last auction.
    Money Market – O/N rates dropped by 50bps to 7.00% as market remains liquid and will remain so as NGN130bn of bond matures today.
    Interbank/WDAS – $400m will be on offer at today’s WDAS auction.
    FX
    Hi Low Close Prev.Close
    USD/NGN 152.55/65 152.20/30 152.40/50 152.20/30

    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.