- U.S. Dollar Index Slips Ahead of Key Economic Data
- 10-Year U.S. Treasury Yield Hovers Below 5%
- Nigeria Money Market Braces for ₦800bn Treasury Bills Auction
- Excess Liquidity in Banking System Rises to N6.94trn, Rates Mixed
- Fitch Affirms Ireland at ‘AA’ Rating with Stable Outlook
- DMO Raises N2trn from Bonds to Fund Nigeria’s Budget Deficit
- XRP Rises as Investors in Korean Markets Bet on Altcoins
- NVIDIA Tokenised Stock Rises on Fresh Buying Momentum
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.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that the rumours suggesting a price adjustment for Premium Motor Spirit (PMS) and
The domestic stock market, on Wednesday, rebounded from previous losse with a gain of 0.32 per cent, due to increased buying interest in shares of Tier-one
Exchange rates continued to rise against the US dollar on Tuesday, defying the past downward …
The Nigerian Exchange (NGX) equities market capitalisation went down by about N104 billion
Crude oil prices traded flat on Tuesday amidst supply concerns and geopolitical unrest.
Treasury Bills Yields Pullback as Investors Increase Bets The average yield on Nigerian treasury bills pulled backward in the secondary market due to increased demand amidst an expectation of interest rate hike. It is anticipated that the central bank will raise interest rates in an attempt to stabilize Nigeria’s dismal inflation rate, which was recorded at 31.70% in February. Analysts claim that as the market waits for triggers to drive additional yield repricing, demand for Treasury bills was driven by the amount of funding available in the financial system. The central bank is expected to conduct primary market auction on…
The Lagos Chamber of Commerce and Industry (LCCI) has commended the recent actions taken by the Federal Government
FG to Establish Natural Gas Park at Ajaokuta Steel Coy The Federal Government says it will establish a Compressed Natural Gas (CNG) park at the Ajaokuta Steel Company in Kogi. The Minister of Steel Development, Prince Shuaibu Audu, disclosed this in a statement issued by his Special Assistant on Media, Mrs Lizzy Okoji, on Monday in Abuja. Methane makes up the majority of CNG, which is mainly used as an alternative fuel for automobiles. It is compressed to less than one per cent of the volume it occupies at standard atmospheric pressure. President Bola Tinubu approved the establishment of the…
The foreign currency injections made by the apex bank to deposit money banks and bureaux de change
Equities investors’ combined wealth declined by about N289 billion due to selloffs in the banking index