- Seplat, FirstHoldco Boost Stock Market Cap, Investors Gain N1.38tn
- NAHCO’s Air France-KLM Mandate Opens Higher-Value Growth Chapter
- XRP Price Slumps by 5% on Fed Hawkish Comment Reactions
- FTSE Russell Upgrades Nigeria to Frontier Market Status
- GCR Upgrades Coronation Merchant Bank Ratings to BBB+/A2
- Alibaba Tokenized bStocks Dips by 2% on Thin Transactions
- Crude Oil Prices Decline as Supply Outlook Improves
- Huge Funds Chase Nigerian OMO Bills in Search for 21% True Yield
Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
Market Cap Declines ₦69.6 Billion on Renewed Bearish Activity. Stock market capitalisation declines ₦69.6 billion on account of sell-offs in some highly capitalised stocks, thus dragged the stock market performance on Tuesday.
Market Wrap: Inter-bank rates shaded at Low Single Digits. Interbank funding rates remained subdued at low single digits today, as financial system liquidity opened higher at ₦746 billion from ₦604 billion yesterday.
Average Yield on Nigerian Treasury Bills Drop Further
Operating efficiency Buoys Lafarge WAPCO Earnings
Foreign Exchange Liquidity Remains Weak as CBN Plays Ostrich
CAC to deliver e-services to customers from August 10
Nigeria’s Market Drives Airtel Africa’s Earnings Jumps in Q1
FirstBank Offers Support to SMEs in Education Sector. First Bank of Nigeria Limited has offered to give financial support to Small and Medium Enterprises (SMEs) in Education Sector to cushion the effects of the COVID -19 pandemic.
Analysts Task FG on Private Sector Funding for Capital Projects. Analysts at Cowry Asset Management Limited have advised the Federal Government to use private sector funding for its capital projects.
Interbank Funding Eased on Strong Financial System Liquidity. Interbank funding rates eased further yesterday, as financial system liquidity opened substantially higher at ₦609.1 billion from ₦470.4 billion.