- President Tinubu Orders ICPC to Investigate “Presidential Foreign Intervention Promotion Council”
- Naira Heads South as Interbank FX Turnover, Deal Count Rise
- Airtel Africa Makes History, Market Value Tops N21trn
- CBN Hikes Interest Rates on Treasury Bills, Allots N1.1trn
- WHO Warns Global Cancer Cases May Hit 35m by 2050
- NUPRC Hands Petroleum Prospecting Licences to 12 Firms
- Airtel, Dangote Cement Boost NGX Index, Investors Gain N3.45trn
- Osinbajo Emerges NCF BOT President, Vows Stronger Climate Action
Markets
Trading in Nigerian government bonds was mostly bearish, with investors trimming positions
To understand the new politics stance and other pro nationals of recent times, we should…
To understand the new politics stance and other pro nationals of recent times, we should…
Selloffs in MTN Nigeria, FBN Holdings and some other stocks dragged the Nigerian Exchange market capitalisation down
Investors reacted negatively, trimmed their Nigerian treasury bills (NTB) holdings in the secondary market following successive spot rates cut at the Central Bank of Nigeria’s (CBN) primary market auction last week.
Equities investors gained about N53 billion on Friday as the Nigerian Exchange, NGX, recorded 32 risers, 17 decliners. Consequently, the All-Share Index rose by 0.09% to close at 99,925.88 points, with the year-to-date return of the index climbing to 33.64%.
The US dollar rose against its major trading partners early Friday, except for a decline versus the euro