Author: Marketforces Africa

Bitcoin market price surged near $63,000 on Monday as cryptocurrency assets recorded early buying interest

Nigerian private sector stagnated in June, according to recent Stanbic IBTC purchasing manager index data

The Central Bank of Nigeria (CBN) increased spot rate on one year open market operation (OMO) bills to 22.48% at the primary market auction (PMA), details from auction results revealed.

Investors continue search for high yield investment option has continued to trigger portfolio adjustment, rebalancing amidst the worsening inflation condition in Nigeria. Last week, the average yield on Federal Government of Nigeria (FGN) bond spiked by 23 basis points in the secondary market over sustained risk off sentiment on local borrowing instruments.

The Central Bank of Nigeria (CBN) hiked spot rate on one year treasury bills instrument sold to investors by 18 basis points at the primary market auction (PMA) last week. The latest uptick in spot rate is in contrast to pattern seen in the recent past with successive price down at the long dated treasury bills issuance.

Islamic Lender, Jaiz Bank Plc, lost more than 11% of its market value on the Nigerian Exchange due to negative price movement spurred by selloffs. The bank top

IT Services Company, CWG Plc, experienced touch of an angel in the stock market last week with about 45% price appreciation over the last five trading sessions. The weekly rally placed CWG as top performer on the Nigerian Exchange.

Equities investors gained more than N17 billion as Nigerian Exchange (NGX) rallied following renewed interest in companies stocks with better, healthier

Nigeria’s top banking group, Access Holdings Plc, is trading with an eye-catching discount to its price target. In a note, Cowry Asset Limited set the top lend

Transcorp Hotels Plc gained more than 9.3% in the last seven trading session on the Nigerian Exchange (NGX) following renewed bargain hunting in stocks with