- DMO Hikes Rates on Bonds to Meet N1.2trn Borrowing Target
- S&P 500 Declines as SpaceX, Alphabet, Meta Slide
- Rates Top 20% as CBN Sells N2.7trn in OMO Bills to Investors
- DeXe Price Climbs by 28% on Explosive Trading Volume
- Naira Gains as Nigeria’s Foreign Reserves Top $51 Billion
- GTCO, Zenith Bank Drive N1.52trn Gain in Nigerian Exchange
- Ethereum Price Rises as Morgan Stanley Files Low-Fee Spot ETF
- Bank of England Launches Stablecoin Rules for UK Users
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.
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
PZ Cussons Plc balance has been broken with more N47 billion negative equity capital at the end of financial year 2024, its unaudited financial statement showed
Lagos State-backed Assurance service company, LASACO Plc, recorded strong price movement during five trading sessions ended on Friday in the Nigerian Exchange.
Dangote Sugar Refinery Plc was priced down by 8.5% as investor dumped the company shares on the local bourse last week. The share of the company is most