Browsing: Market

Sovereign Trust Jumps by 45% as Investors Bet on Insurance Stocks Sovereign Trust Insurance Plc jumped by more than 45%…

Presco Offers Investors N100 Billion Bond for Subscription Presco Plc is in the debt capital market to raise up to…

Interbank rates eased in the money market following a moderate inflow and signature bonus that boosted the balance in the financial system at the beginning of the week. The market also received N9.52 billion in FGN coupon payments.

The Nigerian bonds benchmark yield rose by 5 basis points (bps) in the secondary market last week as investors trimmed holdings

Nigerian Exchange Rises by N423bn on Strong Bargain Hunting The equities market capitalisation of the Nigerian Exchange (NGX) rose by…

Equities Market Index Rises Intraday as SEPLAT, WAPCO Rally The Nigerian Exchange (NGX) all-share index spiked by 51 basis points…

Local investors in the Nigerian bond market scaled back as portfolio rebalancing efforts persisted. Investors trimmed their positions or holdings in FGN bonds in the secondary market. Notably, sell-side action transactions outpaced moderate buying experience.

The naira strengthens against the US dollar across foreign exchange markets as inflows from international oil companies and foreign portfolio investors boost liquidity. Spot data from the FM

Money Market Rates Diverge as Liquidity Deficit Widens Interbank rates mixed in the money market as the liquidity deficit extended…

Interbank Rates Slide as Financial System Deficit Eased Interbank rates declined slightly to reflect moderate liquidity improvement in the financial…