MarketNews

The Nigerian Exchange has size-by-size stocks for investors. It is easy to find where ones belong. There are stocks that are priced to take out low-profile investors from potential intrusion—influential shareholders and perhaps some others with significant influence hate it when a moneybag tries to intrude. Did you see how Tony Elumelu doubled down bets on Transcorp Plc when Femi Otedola made a move?

Interbank rates soared in the money market on the back of an extended liquidity deficit pattern in the banking sector. The short-term benchmark interest rates settled at double digits high due to a liquidity shortfall in the money market last week.

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