Author: Marketforces Africa

The equities segment of the Nigerian Exchange (NGX) dips, according to Alpha Morgan Capital midday…

Market Sees Yields Diverge as Liquidity Level Drops The fixed income market sees average yields on Nigerian treasury bills and bonds diverge amidst declined system liquidity. In the money market, short term rates made an uptrend as financial system liquidity slowed down, thus interbank rate was lifted. Local banks with strong liquidity positions have recently requested higher rates. At the Central Bank of Nigeria’s standing lending facility, some deposit money banks have pitched their tent or more borrowings to meet liquidity requirements. Data from FMDQ Exchange shows that on Monday, the overnight lending rate (O/N) inched forward by 300 basis…

Lagos is showing signs of making it to the list of wealthiest cities in the world as a global ranking report…

The Nigerian local currency, the naira, hits N436.50 to a United States dollar on Monday at the Investors

Heritage Bank Plc has appointed Mr Akinola George-Taylor as acting Managing Director.

Nigerian stocks dip N38 billion on Monday amidst sustained selloffs, causing year-to-date return

Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, today announced…

The average yield on the Federal Government of Nigeria (FGN) bonds tracked higher on sustained pressure

Spot rates across Nigerian Treasury bills tenored inched up strongly at the Central Bank of Nigeria (CBN) primary market auction on the back of inflation rate pressures.

Liquidity pressure and the Central Bank of Nigeria’s (CBN) restrictive monetary policy are expected to keep yields…