- Transcorp Power Spikes 10% as Investors Stake Post-Earnings Bets
- Transcorp Power, Banks Stock Drive Equities Rally, NGX Index Rises
- Senate Receives Tinubu’s Request for N10.79trn External Borrowing
- Interest Rates on Nigerian Treasury Bills Fall Across Tenors
- SK Hynix Tokenised Stock Dips 4% as Asian Tech Shares Fall
- Nigeria Yields Hold Firm as Investors Pivot to OMO Bills Auction
- NVIDIA Tokenised bStocks Climbs as NVDA Rebounds
- Oil Prices Rise as Markets Brace for Nuclear Strike Against Iran
News
Transcorp Power Plc.’s 7.5 billion outstanding shares surged by about 10% on Wednesday as investors staked post-earnings bets on the power-generating company on the local bourse.
Buying interest in FCMB and Jaiz Bank drove the banking index higher on the Nigerian Exchange despite significant profit-taking.
The average yield on Nigerian Treasury bills declined to 17.04% in the secondary market due to sustained positioning in the naira curve.
Inflows from expired OMO bills and from deposit money banks (DMBs)’ lodgments buoyed liquidity in the financial system, investment firms said in separate market updates.
The crypto market climbed by 2.27% in the last 24 hours to $2.24 trillion, driven by bullish speculation on U.S. policy changes, showing a correlation of 95% with the S&P 500.
El-Rufai Asks Court to Stop ICPC, EFCC, DSS From Blocking His Assets Former Gov. Nasir…
Oil prices reduced slightly in the global commodity market on Wednesday ahead of U.S-Iran nuclear talks in Geneva, with the hope that diplomatic discussions will reduce supply risks.