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Economy
Fitch Ratings has revised the outlook on Nigeria’s Long-Term Issuer Default Ratings (IDRs) to positive from stable and affirmed the IDRs at ‘B’.
FCMB Plc has released the group earnings estimate for the first quarter of 2024 (Q1), expecting
Geregu Power Plc has released the company’s earnings expectation for the first quarter of the financial year 2024, according to its latest regulatory filing.
Trading activities on the Nigerian Exchange (NGX) are trending negative due to profit-taking in banking names like FBNH, AccessCorp, Zenith Bank, and FCMB, according to Alpha Morgan Capital’s midday equity market report.
In the commodities market, there were records of development especially in the oil segment where prices have been
The Nigerian Treasury bills (NTB) yield declined by 9 basis points as investors ramped up bills in the secondary market to compensate for lost bids at the central bank primary market auction.
The average yield on Federal Government of Nigerian (FGN) bonds declined below 15% amidst an expectation of a further rise in headline inflation.