- 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.
The total assets of Nigeria’s top 5 banks surged by more than 55% year to date to settle at N146.34 trillion
The combined market value of Nigerian Tier-1 banks increased by more than N40 billion week on week, according to data tracked by MarketForces Africa.
The struggling naira weakened by N67 per the US dollar week on week amidst a new measure to drag out foreign currency
Caverton Offshore Support Group Plc lost 20% of its market value in the stock market due to a strong selling rally by an army of unimpressed investors.
The Nigeria’s Eurobond market was heated up with selloffs from foreign portfolio investors (FPIs) seeking alpha on international debt securities.
Interbank Rates Dip as Remita, Signature Bonus Boost Liquidity Interbank rates were kept in check…