- UK FCA Secures Money Back for Victims of Crypto Fraud
- GCR Upgrades Aradel Rating, Cites Improved Business, Financial Profile
- Naira Depreciates as Interbank FX Turnover Tumbles 78%
- Equities Investors Gain N299bn, Seplat Tops Value Chart
- XRP Price Declines Ahead of Evernorth Vote
- Bitcoin Drops Below $84K as Investors Take Profits
- South African Rand Trades Rangebound Against USD, EUR, GBP
- U.S. Yields, Oil Prices Set Tone for Global Equities Markets
MarketNews
Nigerian OMO bills auctioned by the Central Bank last week attracted N6.1 trillion from investors chasing double-digit returns on naira-denominated assets.
The naira lost N26 on each US dollar to settle at N1,501.61 in the foreign exchange (FX) market due to demand pressures. The market US dollar liquidity shortfall extended throughout the previous, which triggered Central Bank (CBN) intervention in the official window.
Investors Ramp Up Nigerian Bonds Amidst Policy Shift Expectation The Nigerian bonds yield retraced in…
Nigerian Banking Titans, Others with Dividend Track Records Nigerian banking titans, non-bank financial services companies,…
Exporters Lose $10m to NXP Integration –Association Association of West African Exporters and Maritime Professionals…
Equities investors saw more than N305 billion gain as Ticker: ACADEMY, CADBURY, and ETERNA among othes rallied on Friday due to improved investors’ appetite. The Nigerian Exchange (NGX) closed the week on a positive note, as key performance indicators climbed by 0.48% on Friday.
The short-term benchmark interest rates trended higher in the money market as banks faced liquidity constraints that kept funding rates elevated on the back of the settlement for the Nigerian Treasury bills (NTB) auction.