Author: Marketforces Africa

The Securities and Exchange Commission (SEC) has adopted the Nigerian Sustainable

Stocks Value down N604 Billion as Investors Offload Holdings Stocks value dropped down by N604 billion this week as Investors offloaded holdings for a 5-trading session straight, resulting in a decline in the market value of all stocks below N20 trillion – a three-month low in the year. Profit-takings on the Nigerian Exchange resulted in a bloodbath just as the fixed income space traded bearishly ahead of the monetary policy committee meeting next week. Now, many stocks are trading at the year-low, an entry point for new holdings, and of course an opportunity for portfolio adjustment. In the second quarter…

Major Cryptocurrencies assets, Bitcoin and Ethereum prices plunged strongly after…

Nigeria’s sky-high record of criminal activities amidst rising numbers of unregulated

Amidst liquidity in the financial system, the Nigerian Treasury Bills (T-Bills) rate inched

The Nigerian Exchange (NGX) ends the week in red with year-to-date losses jump

After falling by 4% this week, Brent closed at about $66 per barrel Friday as the Organisation

Fixed income market rates closed flat Thursday after a cold outing as investors

The Bank of Industry’s balance sheet size expands to N1.86 trillion in the financial year

CardinalStone Lists N5 billion Bond on Nigerian Exchange CardinalStone Partners Ltd has urged corporates to leverage the bond opportunities on the Nigerian Exchange (NGX) to raise capital for business expansion. Mr. Micheal Nzewi, Group Managing Director, CardinalStone Partners Ltd., said this at the listing of its N5 billion bond with a digital closing gong ceremony organised by the NGX on Thursday in Lagos. The debut listing was the CardinalStone Financing SPV Plc.’s N5 billion, five-year series 1 bonds under the company’s N10 billion debt issuance programme. Nzewi who described the listing as a milestone said the company would work on…