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- Nigerian Exchange Loses N109bn as GTCO, UBA, Zenith Bank Dip
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Finance
Investors’ whetted appetites dragged the average yield on Nigerian Treasury bills down by 15 basis points, according to a market update released by Afrinvest Securities Limited.
GTCO Plc has reached a market valuation of N4.513 trillion on the Nigerian stock market, amid significant gains by its main competitor, Zenith Bank.
The average yield on Nigerian Treasury bills surged to 17.71% in the secondary market amid selloffs following a slowdown in the nation’s headline inflation rate in February 2026.
The headline inflation rate is projected to settle at 13.48% year on year for February 2026, on account of the consumer price index (CPI) easing further amid the energy crisis. The market anticipates that the statistics office will release the February inflation figures this week.
The Nigerian Eurobonds segment ended negatively, with average yields rising 4bps to 7.25%, reflecting reduced demand and cautious sentiment among global investors.
CBN Reduces Interest Rate on 364-Day Treasury Bills The Central Bank of Nigeria (CBN) has…
The Nigerian Exchange (NGX) market capitalisation shrank on Tuesday as equity investors lost about N726 billion from their combined portfolio value due to selloffs.