- 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.
The Lagos State Government says it has attracted over N50 billion in investments through Foreign Direct Investment (FDI) and Domestic Direct Investment
Gov. Siminalayi Fubara of Rivers, on Wednesday urged investors to invest towards the economic and social greatness of the state in the interest of the future
Foreign investors trimmed their interest in Nigeria Eurobond in the market midweek amidst uncertainties in the global economy. Nigeria is facing turbulent time as key macroeconomic indicators continue to cast doubts on effectiveness of government policy in about a year.
The naira exchange rates diverged due to imbalance in the volume of foreign currency demanded and supplied in the forex markets. On one side, the naira recorded gain against the US dollar. At the other end, exchange rate worsened.
A raft of selloffs on Nigerian big banks, Zenith and GTCO dragged the equities market capitalisation of the Nigerian Exchange downward by N90 billion midweek following interest rate hike.
The city of Frankfurt will host the Europa League final in 2027, European ruling body UEFA said on Wednesday.