- US, European Markets Dip on AI Concerns, Elevated Energy Costs
- Crude Oil Prices Decline on Renewed US-Iran Negotiations
- 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
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.
There is no respite for the Nigerian local currency as the exchange rates continue to worsen due to scarcity of foreign currency inflows
Foreign investors have continued to reduce Nigeria’s sovereign Eurobonds trading at the international capital market
The average yield in Nigerian Treasury Bills declined marginally as local investors bet against inflation conditions.
The rising demand for foreign currency is negative for FX convergence despite two large devaluations …
The US dollar rose against its major trading partners early Wednesday ahead of the release of weekly Redbook same store sales ….
The National Bureau of Statistics (NBS) says the average price of a litre of kerosene dropped from N1,362.27
Usen Umoh, Acting Chairman of the Manufacturers Association of Nigeria (MAN), Akwa Ibom and Cross River
Nigeria’s US dollar bonds or Eurobonds saw a spike in benchmark yield due to selling rallies at the international capital market.
The average yield on Nigerian Treasury bills and Open Market Open (OMO) bills shrank slightly
BUA, FBNH Selloffs Drag NGX Lower By N729bn Equities investors in the Nigerian Exchange (NGX) lost more than N729 billion on Tuesday as the market priced BUA Cement, FBNH and Transcorp lower. This is the second large daily loss since the beginning of the week, dragging year-to-date return downward. Key performance indicators slumped by 1.30% following waning buying interest attributed to price corrections in the stock market. In its market update, Atlass Portfolios Limited attributed the downturn to investors’ profit-taking in some medium and large-scale stocks such as BUACEMENT, FBNH, TRANSCORP, and 39 others. At the close of the trading…