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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…
CBN Sells US Dollars to Banks at N1630 With a single focus to keep exchange…
Severe inflationary pressures caused an intensification of the downturn in the Nigerian private sector at the start of the final quarter of the year, according to Stanbic IBTC purchasing manager index released by S&P Global.
Equities investors lost N1.22 trillion in bearish trades that lasted for five trading sessions on the Nigerian Exchange (NGX) platform last week.
The supreme leader of Iran, Ayatollah Ali Khamenei, issued renewed threats to Iranian arch-enemies Israel and the United States
NDLEA Confiscates N4bn Worth of Cocaine at Lagos Airport The National Drug Law Enforcement Agency…
Fitch Ratings has affirmed Nigeria’s credit or long-term foreign currency issuer default rating (IDR) at ‘B-‘ with a positive outlook. The ratings affirmation is supported by the country’s large economy, relatively developed and liquid domestic debt market, and large oil and gas reserves, Fitch said.
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