- CBN Cuts Rate on 364-Day Nigerian Treasury Bills, Rejects N2.4trn
- Iran Vows to Maintain Tighter Control Over Strait of Hormuz
- IMF Commends Zimbabwe’s Economic Resilience After Programme Review
- Afreximbank, Gebeya unveil $50,000 CANEX Create-thon for African creatives
- Nigerian Naira Softens as NFEM Interbank FX Turnover Plunges
- United Capital Microfinance Bank grows capital to N5.6bn
- Lagos Issuer Rating Upgraded as State’s Leverage Metrics Improve
- Equities Investors Lose N648bn as Bears Regain Control on NGX
MarketNews
The Central Bank of Nigeria (CBN) further chopped the discount rate on Nigerian Treasury bills
Aradel Holdings Plc, and some banking names are driving positive momentum on the Nigerian Exchange (NGX) trading platform during early trading hours on Thursday. Investors are hunting for oil stock and Aradel Holdings has become an attractive counter amidst sustained bullish trend in the local bourse.
The global commodities market saw a decline in oil prices as the US dollar rose above its two-year high following the Fed’s rate cut. Brent declined around $72 per barrel while US WTI plunged below $69 per barrel as dollar gain overshadowed 25 basis points Fed funds rates cut.
Money Market Rates Ease, Liquidity Deficit Expands Money market rates eased despite tight liquidity in…
Equities investors saw about N259 billion gain in the equities market as oil stocks attracted attention.
Jaiz Bank Plc has achieved new capital based required by the Central Bank with successful completion of a N10.04 billion private placement.
The average yield on Federal Government of Nigeria (FGN) bonds increased slightly following soft but bearish trading activities in the secondary market.