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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.
The average yield on Nigerian Treasury bills declined by 90 basis points (bps) in the secondary market as investors increased bets on naira assets, prompting sharp repricing.
The financial system liquidity increased as deposit money banks (DMBs) parked funds…
Lafarge Africa Plc’s market value increased by about 29% as investors circled around the cement company’s stock on the Nigerian Exchange trading platform.
Eunisell Interlinked Plc skyrocketed by about 61% as investors kept taking positions in the technology services company. From N11.99 at the start of the week, the market price of Eunisell Interlinked shares increased to N19.27 on the Nigerian Exchange.
Equities investors in the Nigerian Exchange (NGX) saw about N77 billion gain in the just concluded week. Due to bargain hunting spread over the trading sessions, the All-Share Index (ASI) edged up by 0.11% week-on-week to close at 97,829.02 points.
Naira Plunges on Suboptimal FX Intervention The naira exchange rate suffered from a lack of…
GCR Revises Outlook on MyCredit to Stable, Affirms Rating MyCredit Investments Limited’s national scale long…
71% of Nigerian Household Face Food Price Hikes Shock – NBS The National Bureau of…
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