- UK FCA Secures Money Back for Victims of Crypto Fraud
- GCR Upgrades Aradel Rating, Cites Improved Business, Financial Profile
- Naira Depreciates as Interbank FX Turnover Tumbles 78%
- Equities Investors Gain N299bn, Seplat Tops Value Chart
- XRP Price Declines Ahead of Evernorth Vote
- Bitcoin Drops Below $84K as Investors Take Profits
- South African Rand Trades Rangebound Against USD, EUR, GBP
- U.S. Yields, Oil Prices Set Tone for Global Equities Markets
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.
Liquidity Deficit in Banking System Keeps Interbank Rates Elevated The liquidity deficit in the banking…
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.