- 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
- FirstHoldco Falls by 7.2% after Femi Otedola Shares Accumulation
- Fidelity Bank Declines, Equities Analysts Set Target Price
- CBN Scheduled to Raise N700bn from Nigerian Treasury Bills
- Nigerian Money Market Rates Dip as Liquidity Surges 35%
- Africa to Push for Greater Control of Critical Minerals at New York Summit
MarketNews
With expectations of robust demand over the one-year tenor, the Central Bank of Nigeria
Money market rates climbed strongly, trending at double digits highs, on the back of sustained liquidity squeeze in the banking system. The market opened the week with more than N60 billion deficit in the absence of significant inflows to boost liqudity condition in the financial market.
The naira depreciated further against the dominant US dollar at the Nigerian autonomous foreign exchange (FX) market, settling near N1690 per greenback on Tuesday.
The Nigerian Exchange (NGX) lost about N69 billion from its opening market capitalisation after selloffs festival
Cordros Upgrades Unilever Nigeria Target Price to N22.49 Equities analysts at Cordros Securities Limited have…
Bitcoin Hits $87,000, Crypto Market Cap Nears $3 Trillion Bitcoin price has hit $87,000 Tuesday…
In the bonds market, trading activity remained muted, with the average yield holding steady at 19.41%. The subdued yield on FGN bonds and tight liquidity in the financial system has keep trading activities in check.