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The Nigerian financial system liquidity spiked more than 40% following a significant OMO bill repayment by the Apex Bank to eligible investors on Tuesday.
Ripple’s XRP price fell about 2.5% to $1.44 after a failed attempt to break through resistance. The token reflected a negative trading pattern in the crypto market.
Nairobi Securities Exchange (NSE) All-share index (ASI) climbed on Tuesday, supported by investors’ appetite for Shri Krishana, Kenya RE, Co-op Bank, Sanlam and Eaagads stocks in the local bourse.
The equities segment of the Nigerian Exchange (NGX) maintained its winning streak, posting N1.36 trillion in capital appreciation.
NBET Finance Company Plc has listed N500 billion fixed rate bonds on the FMDQ Exchange, according to an official statement.
The naira fell against the US dollar at the Nigerian Foreign Exchange Market (NFEM) window for the third consecutive trading session amid growing FX payments from eligible market participants.
The Central Bank of Nigeria (CBN) floated a fresh OMO bill for subscription on Tuesday, aiming to raise N600 billion across three tenors.
FirstHoldco Plc’s market value fired up in the stock market, gaining about 17% in two days as investors positioned in the financial services company.
Nigerian Exchange (NGX) expanded further on Tuesday, with investors gaining N1.36 trillion as pension funds continued to flood the local bourse.
Dr Olumide Olusanya, the Chief Executive Officer of Gloopro, says Nigeria risks falling behind globally if businesses fail to embrace digital procurement transformation and structured supply chain systems.