Year: 2024

The average yield on Nigerian Treasury bills inched higher by 83 basis points week on week to close at 23.2% in the secondary market due to sell pressure

Amidst elevated yield on naira assets, Nigerian economy is seeing strong inflows of hot money into the country, latest data the statistics office capital

Air Peace has reacted to a report of fraud charge by the U.S. Department of Justice against its Chief Executive Officer, Dr Allen Onyema, and Chief of

The National Drug Law Enforcement Agency (NDLEA) has arrested a Thailand returnee SimonPeter Oguejiofor for importing 13.30 kilograms of heroin worth

Money market rates Increased due to liquidity pressure relating to outflow for FX auction, swap and cash reserves ratio debits on banks deposits.

Fidelity Bank Plc gained more than 13% as investors’ sentiment on Tier-2 lender improved ahead of dividend qualification data and third quarter of 2024 earnings

Shareholders of Sterling Bank will be paying much less when they exercise their rights to buy shares at about 20% discount to the going market price this

The equities market capitalisation of the Nigerian Exchange (NGX) increased to N56.09 trillion as investors gained about N50 billion due to bargain hunting. 

The Nigeria’s identity has continued to be dented as the local currency wobbles amidst rising external reserves, thin FX interventions.  

At an interest rate which reflects the current market dynamics, investors wanted more Nigeria’s OMO bills but the Central Bank of Nigeria (CBN) sold to match