- Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings
- T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion
- Oil Prices Rise on Tit-for-Tat US, Iranian Strikes
- XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume
- CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions
- Dangote Cement Opens at 19% Discount to 52-Week High
- FirstHoldco Surges by10% as Investors Buy the Dip
- Zenith Bank Rallies as Investors Chase Upside Potential
News
Trading activity in Federal Government of Nigeria (FGN) bonds was bearish, as investors trimmed holdings across the curve in the secondary market amid repricing at the Debt Management Office (DMO) auction for the month.
Nigerian US dollar bonds, or sovereign Eurobonds, came under selling pressure on the global market amidst expectations that the US Fed could cut fund rates in the third quarter of 2024
More Nigerians have continued to celebrate the success of the Super Eagles playmaker, Ademola Lookman, as his heroics helped his team, Atalanta FC of Italy
The African Development Bank (AfDB), says it’s 209.17 Euros Kenol—Sagana—Marua Highway Project in Kenya will be completed in December.
The benchmark yield on Federal Government of Nigeria (FGN) bonds slide by 2 basis points to about 18.7% in the secondary market. The interest yield on local debt notes widened following inflation surge in April amidst widening real return on investment.
The Nigerian naira exchange rate improved marginally in the forex market, gaining 0.98% week on week amidst expectation that the Central Bank, CBN, will support liquidity in the currency markets in the new week.
Abia to Secure 80 Megawatts of Power for Umuahia – Otti Gov. Alex Otti of…