Author: Marketforces Africa

Nigerian commercial banks raised N4.4 trillion from the standing lending facility (SLF) of the Central Bank (CBN) as liquidity pressures persisted.

Analysts at CardinalStone Limited have set 12 month target price of N1258.61 for Aradel Holdings Plc with more than 79% upside potential. The investment

The monetary authority has started to price down rates on Nigerian Treasury, and OMO bills in the primary market amidst increasing demand for the naira

Due to sell pressure, the average yield on Nigerian government bonds increased marginally to settle at 19.10% in the secondary market on Friday, traders

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