Browsing: Nigeria

Equities analysts at Afrinvest Securities Limited, in their stock recommendation for the new week, advised investors to reduce their interest in Zenith Bank

Cadbury Nigeria’s Plc market value increased significantly on the Nigerian Exchange as investors staked huge bets on the consumer goods index. The stock rallied as investors’ sentiments improved as Cadbury Nigeria’s parent company raised stake.

Eunisell Interlinked Plc skyrocketed by about 61% as investors kept taking positions in the technology services company. From N11.99 at the start of the week, the market price of Eunisell Interlinked shares increased to N19.27 on the Nigerian Exchange.

GCR Revises Outlook on MyCredit to Stable, Affirms Rating MyCredit Investments Limited’s national scale long and short term issuer ratings…

Federal Transfers, Reforms Drive Nigerian States’ Financial Performance –Fitch Federal reforms are significantly affecting the financial landscape of Nigerian states,…

Nigeria Eurobonds Rally as Foreign Investors Eye Attractive Yield Amidst a plan to raise $2.2 billion in external borrowing, Nigeria’s…

The Senate has approved the new external borrowing plan request of $2.2 billion presented for consideration by President Bola Tinubu.

Treasury Bills Yield Eased to 24.29% Ahead of Auction The average yield on Nigerian Treasury bills decreased moderately due to…

The Nigerian naira gained N26.62 against the US dollar in the official foreign exchange market as the Central Bank of Nigeria (CBN) strengthened the supply side. The local currency has seen an increase in demand in a market with low inflows across to satisfy an eligible requisitions.

As the government continues to borrow, Nigeria’s debt clock is predicted to accelerate even more. Total debt to gross domestic product (GDP) is estimated to settle at 54.6% at the end of 2024, analysts at Cordros Securities said in a commentary note.