Browsing: Afrinvest
Share of food in consumers spending is considerably large, says Afrinvest
NSE market capitalisation soars as stocks gain ₦174.1 billion
United Capital To Raise ₦20 billion Unsecured Bond
Investors’ wealth spikes as stock market gains ₦374.9 billion
GUINNESS Nigeria: Vetiva, Afrinvest give opposing rating, same day
Naira traded flat despite a drop in external reserves as oil prices remained depressed after the production cost agreement.
Negative credit rating to pressure FG’s Eurobond plan as public debt hits ₦27.4trn. Experts have said that Eurobond issuance will be difficult due to recent Nigeria’s sovereign credit rating downgrade, and while at it public debt hits ₦27.4 trillion.
Sell-offs in blue chips knock off ₦104.2bn in stock market. The Nigerian Stock Exchange closed in red with investors’ fortune washed off in billions as coronavirus cases keeps running riot.
FX Market: Naira depreciates on rising cases of COVID-19. Exchange rates depreciated by ₦30 week on week (w/w) at the parallel market amid rising cases of COVID-19, poor inflow into external reserves.
The Nigerian Treasury Bills market started off with panic sell-offs across the yield curve