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- United Nations Urges Africa to Boost Domestic Funding
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- Nigerian Exchange Sheds N2.18trn as Dangote Companies Dip
- XRP Price Dips 6.2% on U.S. Federal Reserve Rates Hike Bets
MarketNews
The Central Bank of Nigeria (CBN) hiked rates on Nigerian Treasury bills on Wednesday, with one-year paper attracting most of the allotment.
The short-term benchmark interest rates increased by about 5% apiece in the money market on the back of a huge liquidity deficit in the banking system.
MTN Nigeria Plc has successfully raised additional N72.18 billion from commercial paper sales to investors in the debt capital market. This is in addition to N75 billion earlier raised in the market last month.
Nigerian Exchange Crosses N60Trn as Investors Gain N374bn Equities investors gained more than N374 billion…
The average yield on Nigerian Treasury Bills (NTB) declined to 25.6% due to selective buying interest witnessed across the curve in the secondary market.
Interbank Rates Ease on Tight Banking System Liquidity A huge liquidity deficit in the financial…
Equities investors combined wealth rose by N152 billion as bargain hunting lifted the Nigerian Exchange (NGX) All Share Index. On Thursday, the equities market sustained its positive momentum as key performance indicators rose by 0.25% apiece.