- Equities Market Extends Losses, Sheds N137bn
- XRP Price Holds Tight as Goldman Sachs ETF Holdings Plunge
- Zelensky: Ukraine Wants Peace but Won’t Surrender
- Iran Blacklists 45 Tankers Over Strait of Hormuz Transit Rules
- First Quarter Pension Contributors Rise by 143,248 – PenCom
- Wall Street, European Stocks Surge on Macro Shifts, AI Bets
- Oil Prices Dip on Fed Rates Uncertainty, Canada Tariff Retaliation
- XRP Up as Volante Integrates Ripple into FedNow Payments
MarketNews
With expectations of robust demand over the one-year tenor, the Central Bank of Nigeria
Investors Boost Treasury Bills Holdings Ahead of Auction The average yield on Nigerian Treasury bills…
The Nigerian naira fell against the US dollar in the foreign exchange (FX) market as demand pressure began to take shape. Spot FX data from the FMDQ platform
Bargain hunting in Nigeria’s sovereign Eurobonds market across the short, mid, and long ends of the yield curve
The average yield on Nigerian Treasury bills dipped to approximately 25.6% in the secondary market despite quite a trading session at the beginning of the New Year. Trading volumes remained low as most market participants have yet to resume activities for the year fully, according to fixed income market analysts’ notes.
Nigeria’s top five banks that need no introduction have extended their market value due to investors’ position taking in tier-1 stocks. Details gathered by MarketForces Africa showed that the combined market value of the top five banks surged past N6.2 trillion in the local bourse on Friday close.
Equities market capitalisation of the Nigerian Exchange (NGX) expanded by about N248 billion on Friday due to sustained rally on growth stocks. Trading data showed that the local bourse ended first week of the New Year in the green. Key market performance indicators increased by +0.64% in the first two trading days of the year.