Browsing: Market

Nigerian US dollar bonds, or sovereign Eurobonds, came under selling pressure on the global market amidst expectations that the US Fed could cut fund rates in the third quarter of 2024

Best Performer: Transcorp Hotels Plc Gains 1048% in 12-Month Hospitality industry giant, Transcorp Hotels Plc, has dropped a step away…

The naira exchange rates diverged due to imbalance in the volume of foreign currency demanded and supplied in the forex markets. On one side, the naira recorded gain against the US dollar. At the other end, exchange rate worsened.

Sustained selloffs wiped out about N74 billion from the Nigerian Exchange (NGX) equities segment on Wednesday amidst fear of surging inflation.

Equities investors’ combined wealth declined by about N289 billion due to selloffs in the banking index

Valuation: The combined market value of Nigeria’s big banks has contracted below N5 trillion

The average yield on Nigerian Treasury bills and Open Market Open (OMO) bills shrank slightly

The benchmark yield on Nigerian government bonds rose as fixed income investors in the secondary market sold down naira assets in reaction to the negative

The market prices of the Federal Government of Nigeria bonds declined as investors offloaded naira assets

Global market prices of crude oil slid on Wednesday over sluggish growth in China …