- NVIDIA Tokenised bStock Falls as Investors Chase US Yields
- Naira Spot Rate Appreciates to N1,343 Against US Dollar
- Digital Payments Vital to Financial Inclusion, Economic Growth – CBN
- Revenue Allocation: FG, States, LGs Share N3.007trn for July
- NPA Says 21 Ships to Berth at 3 Lagos Ports
- Banking Index Drags Nigerian Exchange, Investors Lose N545bn
- Dangote Refinery Secures $1 Billion Backing Ahead of Planned IPO
- South African Rand Weakens Ahead of Bonds Auction
Markets
The global equities market delivered mixed performance, with US stocks closing steady
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