The Finix Brook Journal

As the CBN maintains an elevated monetary policy rate to anchor inflation, institutional investors are recalibrating their duration exposure and yield-curve positioning. We examine the implications for pension fund administrators, asset managers, and corporate treasuries operating in this high-rate cycle, and what strategies are proving most effective.

SEC’s New Capital Market Framework

A breakdown of the updated SEC guidelines and their operational implications for brokerage houses operating in Nigeria’s wholesale market. We cover compliance obligations, reporting changes, and what firms need to do to stay ahead.

FGN Bonds vs. Treasury Bills

How leading pension fund administrators and asset managers shifted their fixed income allocation in Q1, and what this signals for secondary market liquidity, duration appetite, and yield expectations going into the second half of the year.

Cross-Border Capital Flows

African capital markets are increasingly interconnected. We map the key corridors of institutional capital movement and the brokerage infrastructure enabling them — from Nigeria to Kenya, Ghana, and beyond.

Interest Rate Derivatives in Nigeria

The case for deeper derivatives adoption among Nigerian institutional investors, examining the infrastructure gaps, regulatory position, and counterparty appetite that will determine whether this market can reach its potential.

Price Discovery in Nigeria’s OTC Bond Market

OTC markets remain the dominant venue for fixed income trading in Nigeria. We examine the structural factors affecting price transparency and what inter-dealer brokers are doing to build a more efficient, accessible market for all participants.

Bridging Liquidity Gaps

An in-depth look at how inter-dealer brokers add structural value to institutional markets beyond simple trade matching, from liquidity provision and price improvement to relationship-driven access and market intelligence.