Author: Julius Alagbe

Investors Park Funds in Nigerian Bonds Ahead of Inflation Demand for Nigerian government bonds on the rise amidst expectation that a move to rebase consumer price index will usher in monetary policy easing. Lower inflation figure would mean that the Central Bank of Nigeria (CBN) would temper hawkish position to drive economic growth. “If the CBN eventually cut benchmark interest rate, the fixed income market assets will also be repriced – spot rates would started dropping to reflect new market dynamics’, analysts explained. Hence, investors have continued to increased bets on fixed income market, with surging demand for bonds as…

Nigeria to Host 2025 Afreximbank Annual Meetings The Federal Government and African Export-Import Bank (Afreximbank) on Tuesday signed the Agreement for Nigeria to host the 32nd Afreximbank Annual Meetings (AAM). Speaking at the Afreximbank Annual Meetings 2025 Signing Ceremony in Abuja, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said that President Bola Tinubu approved the hosting. “We are, therefore, delighted to work with Afreximbank management and give them our full support,” Edun said. He commended Afreximbank’s commitment to supporting Africa and Nigeria’s economic growth and improving their healthcare infrastructure in particular. ” We are…

Oil Climbs on Supply Worries, Trump Tariffs Check Gains Oil prices extended gains on Tuesday amid concerns over Russian and Iranian oil supply and sanctions threats, despite worries that escalating trade tariffs could dampen global economic growth. Brent crude futures were up 98 cents, or 1.3 per cent, at 76.85 dollars a barrel by 1011 GMT, while U.S. West Texas Intermediate crude rose 92 cents or 1.3 dollars to 73.24 dollars. Both contracts posted gains of nearly 2 per cent in the prior session after three weekly losses in a row. PVM oil analyst John Evans said “with the U.S.…

Transcorp, Tier-1 Banks Drive Intraday Gain on NGX Transcorp Plc, and Zenith Bank, UBA and FCMB are among top stocks driving intraday momentum in the equities segment of the Nigerian Exchange, NGX, on Tuesday as investors’ sentiment remains upbeat. The local bourse is trading positive after mixed performance posted yesterday. The new shares listed by Zenith Bank raised equities market capitalisation above N66 trillion, though key index slipped on the day. Reflecting renewed interest in some value stocks, demand has started heating up on the exchange ahead of anticipated consumer price index rebasing. At mid-day, the NGX All Share Index…

British Pound Falls Amidst Hawkish to Dovish Policy Shifts The British pound fell to $1.236, its lowest level in nearly three weeks, after BoE policymaker Catherine Mann stated that weak demand in the UK outweighs inflation risks. The sterling retreated while demand for US dollar picked on the back of tariffs combat threats by the U.S government under Donald Trump. This shift in stance came after Mann transitioned from a hawkish to a dovish position at last week’s meeting. She noted that demand conditions in the UK are “quite a bit weaker” than before, which is dampening consumer spending and…

Dangote Peugeot Begins 3008 GT Assembly in Kaduna The official manufacturer and marketer of the Peugeot brand of vehicles in Nigeria, Dangote Peugeot Automobiles Nigeria Limited (DPAN), has taken another bold step towards regaining its leadership position in the auto market. This time, DPAN has commenced the assembly of the GT model of the wave-making Peugeot 3008, which has hit commercial success and won awards with its different variants in various markets across the world. With its 1.6 litre high performance turbo engine, Peugeot 3008 GT has expanded the existing line-up of vehicles from the assembly lines of the modern…

Interbank rates mixed as liquidity shortfall in the banking system declined following huge inflows from Nigerian bond coupon payments at the beginning of the week.

Zenith Bank Plc market value has crossed N2 trillion in the equities market as the Nigerian top lender listed additional shares

The naira lost N26 on each US dollar to settle at N1,501.61 in the foreign exchange (FX) market due to demand pressures. The market US dollar liquidity shortfall extended throughout the previous, which triggered Central Bank (CBN) intervention in the official window.

Amidst ongoing recapitalisation in the banking sector, the Nigerian top five (5) banks have gained significant weight on the Nigerian Exchange (NGX) amidst valuation attraction, strong earnings, and sustained dividend payments.