Author: Marketforces Africa

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…

The Nigerian Exchange (NGX) equities market capitalisation declined during the intraday trading session…

The average yield on Nigerian Treasury bills shrank in the secondary market as investors ramped up short-term borrowing instruments.