- Naira Strengthens to N1338 per US Dollar, N1560 to Euro
- Elektron Energy Unveils 40MW Embedded Power Project in Lagos
- Nigeria’s Economy Has Stabilised, Finance Minister Says
- CBN Reduces Rates on Nigerian OMO Bills, Raises N1.9trn
- Equities Investors Gain N306bn as Nigerian Market Rebounds
- Bitcoin Reclaims $80k on Heavy Spot ETF Bets
- SK Hynix Tokenised bStocks Rises on Risk-on Sentiment
- XRP Jumps as Hedge Against Weak Dollar, Ripple Stablecoin Tops $2bn
Financial Market
OMO Bills Reopening Drives Funds Away from Nigerian Stocks One of the more consequential policy shifts in Nigeria’s financial markets may have arrived quietly:…
Stanbic IBTC Adds Fixed Income Asset into Securities Lending Services Stanbic IBTC Bank Limited announces…
The Nigerian local currency, the naira, experienced a slight gain against the US dollar in the official FX market on Tuesday as Nigeria recorded additional foreign currency inflows into external reserves.
Interest Rate on Nigerian Treasury Bills Rises to 21.24%
Pension Fund Administrators (PFAs) parked 63% of pension assets in federal governPension Fund Administrators (PFAs) parked 63% of pension assets in federal government debt securities as assets under management climbed to N20.2 trillion in May.ment debt securities as assets under management climbed to N20.2 trillion in May.
The short-term benchmark interest rates in the money market declined in the absence of significant pressure on liquidity levels in the financial system. According to data from FMDQ, the repo rate declined by 14 basis points to 31.61% on Friday, while the overnight lending rate dipped by 15 basis points to 32.45%.
With relatively healthy buying interest, GTCO, Access Holdings and UBA Plc were among other Nigerian banking names driving momentum on the Nigerian Exchange (NGX) during early trading hours on Wednesday.