Reversing the previous downturn, shares of Nigerian big banks are currently trading higher. The market had priced these stocks lower amidst weak sentiment in the local bourse last week, causing investors to lose N290.1 billion over five trading sessions.

The average yield on Nigerian Treasury bills (NTB) dropped to 22% as a result of increased secondary market demand. At the primary market

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 Abia says the State Government…

Nigerian lender, Wema Bank Plc, saw its market value decline slightly to N86.149 billion on Friday due to selloffs. Ahead of its annual meeting with shareholders, the bank’s share price has plunged more than 46% behind its 52 week high.

The Nigeria Employers’ Consultative Association (NECA), says the private sector remains committed to the N57,000 earlier proposed at the Tripartite Committee meeting on National Minimum Wage.