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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 Nigerian Treasury bills market rallied as investors seeking to park their funds in the money market instruments positioned in naira assets. As a result, the average yield on Treasury bills retreated sharply amidst inflation concerns.
Naira Rises to N1,510 as CBN FX Code Boosts Market Confidence The naira appreciated to…
US Dollar Rises Ahead of FOMC Announcement The US dollar rose against its major trading…
Aradel Holdings Grows Profit by 142% to $167.5 million Aradel Holdings Plc grew profit by…
Yield Rises as Investors Trim Nigerian Treasury Bills Holding The average yield on Nigerian Treasury…
With a huge share volume traded on Tuesday, FBN Holdings Plc.’s market value plunged by about 5.5% on the Nigerian Exchange (NGX) as investors’ sentiments waned ahead of the earnings release.