Money Market

Consequent upon the need to develop the money market in order to enhance the effectiveness of its monetary policy, the Central Bank of Nigeria (CBN) appointed Kakawa and nineteen other banks and discount houses as primary dealers/market makers for money market instruments.

The PD/MM in money market instruments was established to facilitate liquidity management, to deepen the money market and improve efficiency in trading and to create public awareness, thereby promoting the demand for these instruments.

Treasury Bill Trading

Prior to being appointed as a PD/MM, Kakawa has been at the fore-front of packaging Treasury Bills derivatives, one way and two-way trading in Treasury Bills. We see the recent development as an opportunity to deepen our market and further satisfy our esteemed customers.

CPs, BAs/Notes Trading

Commercial papers and Promissory notes are another alternative to term deposits. We trade bankers’ acceptances and commercial papers of multinationals and other quoted companies.