Browsing: Market

Nigerian stocks tumbled for the third consecutive trading session in the equities market as a positive real return on fixed interest securities impacted investors’ sentiment. Hence, the Nigerian Exchange (NGX) benchmark all-share index fell as more investors continued to exit their positions in the domestic bourse.  

Interbank rates eased despite a huge liquidity deficit in the banking system totalling more than N1 trillion. The financial system has maintained a negative liquidity profile in the last five days in the money market in the absence of significant inflows.