Naira Bulls Rise over Increased Confidence in FX Markets The Rise of Naira Bulls: A growing number of investment firms have changed their outlook on Nigeria’s naira to positive after spurious demand for foreign currency that worsened exchange rates early in the year. Goldman Sachs, Renaissance Capital, and Financial Derivative Company...
Naira Races to Beat Goldman Sachs Forecast The exchange rate appreciated further midweek as the Nigerian naira continued to claw back previous losses sustained in the forex markets. At the official window, the local currency gained 1.23% again to close at N1262.85 per US dollar. Goldman Sachs predicted early in the...
Pension Fund Administrators (PFAs) have bolstered their government bond holdings amidst a shrinking negative
Treasury Bills Yields Pullback as Investors Increase Bets The average yield on Nigerian treasury bills pulled backward in the secondary market due to increased demand amidst an expectation of interest rate hike. It is anticipated that the central bank will raise interest rates in an attempt to stabilize Nigeria's dismal...
Nigeria's financial inclusion has experienced significant growth, primarily due to increased accessibility and equality ...
Wema Bank Backed Juli Plc Registers 46% Valuation Surge Wema Bank-backed pharmaceutical retailer Juli Plc couldn’t stop its gaining streaks amidst a seesaw movement in the Nigerian Exchange.  According to information from the Exchange, the company's stock market valuation has surpassed N1.5 billion. Investors' attention has been drawn to Juli Plc...
Equities investors' wealth plunged by about N248 billion as bears raided the Nigerian Exchange in the just concluded week.
After the Debt Management Office's (DMO) recent primary market auction (PMA) on Monday, the average yield on Nigerian government bond
The Nigerian Exchange (NGX) equities market capitalisation lost about N239 billion at the beginning of the week
The share price of Guaranty Trust Holding Company (GTCO) Plc accelerated by 18% over ...