- Equities Investors Lost N1.47trn as Dangote Cement, Zenith Bank Dip
- Return to Fuel Subsidy Could Push Exchange Rate to N4k/$ -Oyedele
- DMO Hikes Interest Rates on Nigerian Government Bonds
- Daily FX Update: Naira Depreciates as FX Liquidity Tightens
- NGX Market Cap Sinks Below N160trn as Bears Strike Harder
- Deutsche Bank Adds Nigeria to Forex Watchlist, Bullish on Naira
- EIB Global, FCMB to Support Private Sector, Sustainable Agriculture with €85m
- Ripple XRP Stages Price Recovery as Sell Pressure Eases
Markets
The Lagos State Government is planning to issue a ₦200 billion bond for investor subscription under the ₦1 trillion
Nigeria Treasury Bills Yield Rises 13bps on Sell Orders The average yield on Nigerian Treasury…
Kenya raised KES 24.35 billion from Treasury bill allotment at its weekly primary market auction last week. The weekly Treasury bills auction was oversubscribed, recording a subscription rate of 102.3%, with total bids of KES 24.55 billion against an offer of KES 24.00 billion.
The benchmark yield on Nigerian government bonds increased by 10 basis points week on week in the secondary market, reflecting investors’ risk-off sentiment in the debt instruments.
The South African Rand is holding up well against major crosses, including the US dollar, Euro and British Pound (GBP), following yesterday’s rally, First National Bank (FNB) said in its daily market insight on Thursday.
JSE Index Rises 3.96% as Global Risk Appetite Improves The Johannesburg Stock Exchange (JSE) rebounded…
FTSE Russell to Upgrade Nigeria to Frontier Market Status in Sept. FTSE Russell, the global…