Browsing: Economy
Reflecting weak appetite for loans, deposit money banks (DMBs) significantly increased their placements at the Central Bank’s Standing Deposit Facility (SDF) window, reaching N6 trillion as of Thursday.
African Eurobonds Issuers’ Yields Ease in Fresh Rally The average yield on Nigerian Eurobonds declined in the international debt market…
Dangote Sugar Refinery Plc’s (Ticker: DANGSUGAR) share price nosedived by 10% as investor sentiment deteriorated after an unimpressive earnings performance.
The Central Bank of Nigeria (CBN) is poised to open Treasury bills for subscription at the primary market auction on Wednesday to efficiently refinance maturing securities.
The latest X-Compliance Report released by the Nigerian Exchange Group (NGX Group) points to a deeper structural liquidity challenge in Nigeria’s equity market rather than a temporary, cyclical weakness.
The average yield on Nigerian OMO bills climbed to 21.1% in the secondary market, reflecting investors’ measured decisions to adjust their holdings in these short-term investment securities.
Oil prices are set to jump sharply when trading resumes Sunday night, as unprecedented U.S. and Israeli strikes on Iran have intensified Middle East tensions.
Global equities markets closed on a mixed note as investors sought sanctuary in the UK, trimming holdings in tech-heavy U.S. and EU benchmarks.
KuCoin Token (KCS) fell by 8.51% over 24 hours to $7.63 amid severe selling pressure, significantly underperforming flat Bitcoin and the broader crypto market.
Mr Bimbo Adekanmbi, the Chairman of the 11-man Committee on the upgrade of the Ibadan Airport, has said that direct international flights would commence before the end of 2026.