- NVIDIA Tokenized bStocks Down on Broader Crypto Selloffs
- XRP Lost 7% as Investors Take Quick Profits in Altcoins
- Naira Climbs as Interbank FX Turnover Declines by 80%
- Nigerian Exchange Indicators Surge as Investors Gain N779bn
- XRP Hovers at $1.30 as Ripple Says Customers, Partners Increase 3x
- Sterling Financial Bolsters Earnings, Grows Profit by 37% to N97.28bn
- South African Rand Steadies as Investors Digest Fed Rates Decision
- Nigeria’s 20-Year US Dollar Bond Yield Falls to 8.50%
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.
Spot rates on Nigerian Treasury bills declined as demand faltered due to robust liquidity in the financial system
The Central Bank of Nigeria (CBN) said on Wednesday that the bank verification number
Cash reserve refunds by the Central Bank (CBN) to Nigerian lenders boosted funding levels
Caverton Offshore Support group earnings break, widening its yearly loss amidst a decline in contracts from customers.
Nigeria’s foreign reserves which printed at $35 billion, according to data from the central bank …
Trading activities on the Nigerian Exchange (NGX) opened positively as the All-Share index advanced by 0.2%
Dr Zainab Ahmed, Minister of Finance, Budget and National Planning, on Monday, charged insurers across West Africa
Transcorp Power Limited, Nigeria’s leading power generation company, located in Ughelli Delta State…
Ikeja Hotels failed to optimise shareholders’ wealth, though the hospitality company ramped up borrowings.
FPIs Exit Short-Dated Holdings in FGN Eurobond Benchmark interest rate hikes in the United States and Europe have triggered an increase in selloffs on the Federal Government of Nigeria (FGN) Eurobond in the international debt capital market. US Federal Reserve announced 25 basis points increase in fund rates to 5% -5.23% this week with a similar development from the European Central Bank (ECB) amidst inflation-fighting policy tightening. Reacting to the development, foreign portfolio investors (FPIs) exited their short-dated holdings, thus pushing the Eurobond yield curve upward. In July, Nigeria will settle a $500 million Eurobond repayment and analysts hope to…