- XRP Tanks on Red Sentiment over U.S. Clarity Act Pause
- United Capital Delivers Robust H1 2026 Earnings, Declares 30 Kobo Interim Dividend
- Oil Prices Slide Below $85 as Supply Risk Eases
- Global Markets Swerve Ahead of Fed Rates Decision, BoJ Policy Weighs
- AI Trade Dangerously Financing Itself, China Just Found the Exit: CEO
- Oando Breaches N40 Support on Pre-Earnings Sell Pressure
- H1 2026: FCMB Group Sustains Performance, Reports 99% Growth in Profit Before Tax to ₦157.3 Billion
- Recapitalisation Deadline: 70% Insurers Meet Requirements- NIA Chairman
MarketNews
Interbank Rates Diverge as Financial System Liquidity Declines Interbank rates diverge as financial system liquidity reduced week on week to about N3.8 trillion amidst…
Trading activities at the Nigerian bonds secondary market ended on a mixed note amidst interest rate hike expectations in the new week.
Despite the intervention of the monetary authority, the exchange rates of the Nigerian local currency,
After the spot rate on one-year bills was raised by 50 basis points to 23.50% at the primary market auction last week,
As liquidity conditions continued to be severely strained, money market rates rose and trended above 32% each.
FBN Holdings Plc’s market value fell by 8%, or about N79 billion, on the Nigerian Exchange as investors exited their position in the financial services company. This has brought its stock market price near its rights offer price.
PZ Cussons Value Drops by 12% as Investors Moods Swing Sell pressures on PZ Cussons…