- South Africa 10-Year Bond Yield Edges Higher to 8.83%
- Tinubu Hails EFCC as Nigeria Wins $6bn Mambilla Arbitration in Paris
- Investors Trade 3.25bn Shares Valued at N238bn in Nigerian Market
- PIA: Market Forces Determines Fuel Prices – NMDPRA
- NVIDIA bStocks Gains on Regulatory Tailwinds for Tokenized Equities.
- SpaceX Tokenized bStocks Rises on SEC “Innovation Exemption” Bet
- XRP Tops $1.44 as Ripple CEO Downplays Failed CLARITY Act
- S&P Affirms Cameroon ‘B-/B’ Rating with Stable Outlook
Banking
GCR Upgrades Coronation Merchant Bank Ratings to BBB+/A2 GCR Ratings has upgraded Coronation Merchant Bank Limited’s national scale long and short-term issuer ratings to…
NGX Drops as Investors Dump Shares in Big Banks The Nigerian Exchange (NGX) All-Share Index…
Buying interest in FCMB and Jaiz Bank drove the banking index higher on the Nigerian Exchange despite significant profit-taking.
For the fifth trading session, the naira declined against the US dollar amid tightening liquidity, driven by the Apex Bank’s efforts to prevent the local currency from gaining momentum.
The Nigerian naira falls for the fourth consecutive trading session in the foreign exchange market, as the Central Bank’s large US dollar purchases signal a move to curb a strong local currency.
Tier-1 banks: GTCO, Zenith, First Holdco, UBA, and Access Plc added N778 billion to their combined market value (MV) in the Nigerian stock market as investors stepped up actions.
SCM Capital Asset Mgt Limited’s Fund (the Frontier Fund), an open-ended unit trust scheme that offers investors the opportunity and flexibility to pool resources and optimize returns through the earning power of volume investing, has announced a plan to pay unitholders N18 per unit.