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The average yield on Nigerian Treasury bills (NTB) climbed by 68 basis points as deposit money banks, and other authorised dealers in the fixed income market reduced their holdings amidst spot rates adjustment expectations.
Equities investors are currently taking position on some banking names on the Nigerian Exchange (NGX) amidst fresh rallies that started this week.
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.
Tier-1 Banks Shrink to N5.8Trn as Investors Rebalance Portfolios The combined market value of Nigerian Tier-1 banks declined as equities…
Access Holdings Plc boosted its profit by about 53% year on year to N135.441 billion in the first half of 2023
The Nigerian Exchange, NGX, rose by N428 billion following buying interest in large, mid, and small
The Nigerian Exchange (NGX) equities segment saw a significant gain of more than N102 billion amidst ….
ARM Securities Bullish on Bulge Balance Sheet Banking Stocks. Equity analysts at Asset and Resources Management (ARM) Securities have remained bullish on bulge balance sheet banks as analysts rated their stock strong buy.
Tier-1 Banks Pull ₦775 Billion Profits as Total Assets Hit N30 Trillion. Despite the slow growth in the economic, Tier-1 Banks were able to make the earnings season an impressive one.
ACCESS Bank share price bucks bearish trend, gains 23.49% in 7 trading days
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