Browsing: NGX

Treasury bills yield crashed by 48 basis points in May due to increase buying interest spurred by rates repricing in the primary market. The Central Bank of Nigeria (CBN) has made investment in Treasury bills lucrative for some individuals, corporates and especially deposit money banks.

The equities market is currently trading negative due to selloffs in key stocks like Oando, Fidelity Bank and Transcorp Plc among other decliners.

Airtel Africa Plc.’s market valuation or capitalisation was unchanged despite large transactions conducted on the telecommunications stock.

Equities investors lost about N103 billion on Monday as Nigerian Exchange (NGX) opened the week negative. The local bourse halted last session’s winning streak as investors lost N102.55 billion, following sell-offs in Tier-one banking stocks and cautious trading.

Federal Government (FG) is targeting higher contribution from solid minerals as part of its plan to grow the economy to $10 trillion, driven by ongoing reforms.

Nigerian Exchange Climbs by N995bn over 5-Day Rallies The Nigerian Exchange rose as equity investors gained approximately N995 billion in…

Oando Plc, an energy solution provider, has posted a turnover of N3.4 trillion in its 2023 full year-end unaudited financials. The figure represents an increase of 71 per cent when compared to N1.9 trillion posted in 2022.

Equities investors saw about N13.8 billion in gain from bucket of stocks traded on the Nigerian Exchange (NGX) of Friday. Due to sustained rally spanning five

Access Bank controls 17% of Nigerian banking assets in 2023, details from latest ratings note by Fitch showed. In its latest credit rating update, Fitch Ratings said it has affirmed Access Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a positive outlook.

The average yield on Nigerian Treasury bills rose in the secondary market as portfolio holders adjusted their positions downward. The risk off sentiment culminated from the need for liquidity while inflation continues to damage market returns.The average yield on Nigerian Treasury bills rose in the secondary market as portfolio holders adjusted their positions downward. The risk off sentiment culminated from the need for liquidity while inflation continues to damage market returns.