Browsing: Investors

The equities market opened the week on a negative note as investors continued to dump stocks amidst the 2024 earnings festival in the local bourse. However, key performance indicators showed mixed outcomes. The Nigerian Exchange (NGX) All Share index  fell 0.34% to settle at 107,455.13 points on the back of sell pressures in INTBREW (-5.66%), UCAP (-9.91%), ACCESSCORP (-2.54%), and FBNH (-3.24%).

PZ Cussons Nigeria Plc topped stock market performers with more than 31% gain over the last five trading session on the Nigerian Exchange (NGX) trading platform.

Money Market Rates Fall Sharply as Funding Pressures Ease Interbank rates fell as liquidity levels in the financial system increased…

Naira Registers Slight Gain as CBN Turns Off FX Tap Briefly The naira held strong against the US dollar in…

Nigerian Exchange Lost N421bn as Investors Rebalance Portfolios The Nigerian Exchange, NGX, lost more than N421 billion of its opening…

Gold Retreats as Dollar Strength Weighs, Investors Reposition Gold continues to decline, heading towards its lowest levels in nearly 20…

Nigerian Exchange Shrinks as Equities Investors Lose N77bn Nigerian Exchange, NGX, shrank as equities investors lost about N77 billion due…

Equities investors gained about N11 billion on the Nigerian Exchange (NGX) trading platform as lightweight stocks rallied. The local bourse rebounded, breaking a four-day losing streak as key market performance indicators recorded a modest gain of 0.02%.

Nigeria’s economy, as measured by gross domestic product (GDP), grew by 3.84% year on year in the fourth quarter of 2024, data released by the statistics office revealed. Real GDP surged by 42 basis points from 3.46% year on year growth posted in the third quarter of 2024, the National Bureau of Statistics (NBS) reported.

Short-term Interest Rates Rise over Banking Deficit Challenges The short-term benchmark interest rates rose slightly in the money market as…