Browsing: Market

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…

Since the U.S. presidential election, the crypto market capitalisation has increased by more than $1 trillion, a review of trading data showed.

The short-term benchmark interest rates have continued to rise as the financial system’s liquidity balance collapsed due to an outflow associated with Treasury bill payments.

Bolstered by improved sentiment, the equities market capitalisation of the Nigerian Exchange (NGX) recorded about N167 billion in gain as investors took positions on banking, cement names, and others.

The prices of crude oil fell on Tuesday over demand concerns amidst expectation of surplus supply in the global commodities market.  Brent to $72.65 per barrel at the last look, while the US benchmark West Texas Intermediate also decreased to $68.69 per barrel.

Aradel Rises by 10% as Employees Mop up Shares Aradel Holdings PLC recorded a 10% price appreciation on the Nigerian…

The average yield on Nigerian bonds declined as investors sold down their holdings ahead of the Debt Management Office (DMO) primary market auction today.