- Naira Rebounds Against US Dollar after CBN FX Intervention
- Bitcoin Retakes $80k Price Range Ahead of US Fed Rate Policy
- Tokenized Stock Dips as Meta Priced Equity Offering at Discount
- NVDAB Rises as Investors React to Nvidia’s Meta AI Investment
- Investors Lock-in Yields Ahead of CBN Treasury Bills Auction
- NGX Rises, Investors Gain N1.75trn Amidst Q3 Earnings Release
- Dangote Cement Gains N3.896trn in 2 Days in Nigerian Market
- GTCO Profit Falls by 12% to N614.6bn as Net Margin Slips
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.
FPIs Sell MTNN, Buy Airtel to Aid Fund Repatriation Amidst Nigeria’s foreign currency (forex) crisis, foreign portfolio investors (FPIs) pitched their tents with Airtel Africa amidst a reduction in transactions while selloffs hit MTN Nigeria Plc shares. MTN Nigeria was faced with selloffs that plunged its market price down to N250 on Friday, according to data from the Nigerian Exchange (NGX). Generally, the local bourse has given up gains as investors’ sentiment started to wane. Last week, Airtel Africa Plc gained 8.53% due to an increase in buying momentum in the telecom company shares. Foreign interests were active, buying…
There was a strong increase in foreign currency inflows into the Investors and Exporters FX window
Amidst disagreement over its Nigerian Agip Oil Company acquisition, the share price of Oando Plc
MTN Nigeria Plc’s (Ticker: MTNN) share price plunged more than 5% to N250 due to profit-taking activities …
Nigerian banks’ balance-sheet structures have helped to ensure continued compliance with minimum capital requirements
The Central Bank of Nigeria (CBN) debited Deposit money banks (DMBs) a whooping sum of about N718 billion
Yield on Nigerian T-Bill Rises to 8.2% Ahead of Auction Benchmark yield on Nigerian Treasury bills rose to 8.2% ahead of the Central Bank of Nigeria (CBN) primary market auction which the Debt Management Office is expected to conduct by midweek. Though trading activities ended on a bearish note, last week, the market opened with strong buying momentum. At the close of the trading sessions last week, the fixed income market registered a higher liquidity level which analysts believe would drive buying momentum in the new week. Meanwhile, the apex bank, as part of liquidity management efforts, would roll over…
Somehow, a heavy load of foreign currency demand pressures that has always eclipsed the total supply…
China’s foreign exchange reserves fell to USD 3.12 trillion at the end of September 2023 from USD 3.16 trillion
The equities market ended the week weak due to price movement in some bellwether stocks.