Browsing: Nigeria

The Nigerian Exchange market capitalisation rose further on Friday as equities investors ….

Ahead of the inflation rate figure for October 2023, the average yield on the Nigerian Treasury bills slid by 94 basis points to 13.37% amidst pressure on the financial system’s liquidity.

Nigeria’s US dollar bonds continue to face sell pressures in the international capital market amidst risk off sentiment following the US Fed’s decision to maintain the status quo on fund rates.

FCMB Plc has successfully raised N26 billion Tier-1 subordinated capital from the local bond market, according to a regulatory filing submitted to the Nigerian Exchange.

Oil prices traded above $80 per barrel early on Thursday, recovering from market pressures.  The oil market came under further pressure yesterday with sentiment turning increasingly negative.

The House of Representatives has commenced its legislative examination of the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), submitted by President Bola Ahmed Tinubu for approval.

The average yield on Nigerian Treasury bills slid 7 basis points (bps) to settle at 14.31% as a bull surface in the secondary market for government short-term borrowing instruments.

The Nigerian bonds traded quietly in the secondary market with a bearish tilt that lifted the benchmark yield higher, albeit, marginally amidst weak macroeconomic conditions.

Dr Aminu Maida, the Executive Vice-Chairman, Nigerian Communication Commission (NCC) on Wednesday highlighted the importance of Technology as a Service (Taas) to the nation.

Vice President Kashim Shettima has reiterated President Bola Tinubu’s commitment to the overall development of the Niger Delta and other parts of the country.