Author: Marketforces Africa

Dangote Cement Plc grew profit by 0.6% year on year to N279.10 billion in nine months, details from the company’s unaudited financial statement revealed.

Increased demand for Nigeria’s sovereign Eurobond dragged average yield downward in the international market, according to traders amidst double-digit

The average yield on Nigerian government bonds climbed slightly to 19.3% in the secondary market due to thin trading activities that had bearish tone.

Treasury Yield Rises as CBN Hikes Rate on 364-Day Bills The average yield on Nigerian Treasury bills climbed to 24.1% due to sell pressure in the secondary market as the Central Bank (CBN) repriced discount or spot rates at the primary market auction. Last week, the Debt Management Office (DMO) conducted main auction for treasury bills on behalf of the Apex Bank which is saddle with liquidity management responsibility. At auction, the CBN offered Treasury bills worth N489.8 billion, outpacing maturity during the week by N115.1 billion: a slew of investment firm said in their notes. Total subscription was strong…

Money market rates, the overnight lending and open repo rates dropped further after inflows from the Federal Accounts Allocation Committee

Equities investors gained N835 billion in 5 days on the Nigerian Exchange trading platform due to buy side activities.  Due to investors’ interest in banking

Consumer goods company Unilever Nigeria Plc gained 18.4% or N20.107 billion, as the company’s earnings growth boosted investors’ confidence

Ikeja Hotels Climbed by 15% as the company’s market value reached N22.312 billion on the Nigerian Exchange trading platform. The hospitality stock

The combined market value of big banks increased by N468.1 billion in the last five trading sessions on the Nigerian Exchange last week. MarketForces Africa

Airtel Africa Plc recorded a profit after tax of $79 million at the end of the first half of its financial year ended in Sept 2024 as a move to localized debts