Rand is trading steady against the US dollar, Euro and British pound on Monday as markets continue to digest the South African Reserve Bank (SARB)’s 25-basis-point interest rate hike last week.

NNPC Ltd. Records N481bn Profit in April The Nigerian National Petroleum Company Limited (NNPC Ltd.), says it has recorded N481…

The global markets were mixed as artificial intelligence (AI) and tech stocks drove Wall Street higher last week, supported by optimism over US-Iran peace talks.

The Federal Workers Forum (FWF) has rejected the proposed N100,000 national minimum wage, describing it as inadequate and incapable of addressing prevailing economic realities facing Nigerian workers.

Money market liquidity topped N6 trillion at the close of the trading session last week despite a substantial rise from the open market operation conducted by the Apex Bank.

Ethereum (ETHUSD) declined below $2k as sellers continue to dominate trading activities in the cryptocurrency market.

The Nigeria Employers’ Consultative Association (NECA) says businesses across the country are yet to fully experience the expected benefits of the Federal Government’s ongoing economic reforms.

The average yield on Nigerian Treasury bills eased slightly by 6 basis points (bps) week on week to 17.51% on Friday, as deposit money banks and other portfolio managers remain bullish.

Aradel Holdings Plc added 5.3% to its market value amid a surge in demand for oil stocks; its price appreciation was primarily driven by volume, despite a missed regulatory filing.  Trading data from the Nigerian Exchange (NGX) showed that the volume of Aradel shares transacted was moderate.

The equities market sustained its positive momentum in May, with investors gaining N4.514 trillion as renewed buying interest in financial services and consumer goods stocks lifted overall market performance.