Equity Market Sheds N41bn as Investors Book Profit
Equity Market Sheds N41bn as Investors Book Profit The equity market sheds N41 billion on Monday as investors’ book profit in the first trading session despite earnings release by listed…
Bond Yield Falls as Traders Buy Short, Sell Mid-Tenor Notes
Bond Yield Falls as Traders Buy Short, Sell Mid-Tenor Notes The average yield on Federal Government of Nigeria (FGN) bonds was mixed on Monday as sell pressure was witnessed on…
NASD OTC Market Cap Dips as Investors Lose N3.24 Bln
NASD OTC Market Cap Dips as Investors Lose N3.24 Bln The NASD Over-the-Counter (OTC) dipped at the just concluded week as unlisted companies shares prices track lower, according to trading…
Naira Mixed at Official, Parallel Markets as FX Reserve Drops
Naira Mixed at Official, Parallel Markets as FX Reserve Drops The Nigerian local currency, naira, recorded a mixed result in the just concluded week, trading between the highs and the…
Local Investors Dominate Stock Market as FPIs Move Out
Local Investors Dominate Stock Market as FPIs Move Out Domestic investors’ participation in the Nigerian Exchange (NGX) improved further as foreign portfolio investments (FPIs) reduced in the financial year 2021,…
Equity Market Rises N215bn as DANGCEM, OANDO Rally
Equity Market Rises N215bn as DANGCEM, OANDO Rally The equity market rises more than N215 billion on Thursday as the Nigerian Exchange records an increased demand for Dangote Cement, OANDO…
Uganda to Become Seventh-Largest Oil Producer in Africa
Uganda to Become Seventh-Largest Oil Producer in Africa Uganda is to become the seventh-largest oil producer in Africa as financial investment decision marks a step forward towards the country’s oil…
FG Approves New DTA for Public Service
FG Approves New DTA for Public Service The Federal Government has approved a new Duty Tour Allocation (DTA) for the federal public service. The Chairman of National Salaries, Incomes and…
Yield Rises 8bps as Sell Pressures Hit FGN Eurobond
Yield Rises 8bps as Sell Pressures Hit FGN Eurobond The average yield climbs 8 basis points to 6.46 per cent on Thursday as selling pressures hit the Federal Government of…
Nigeria Identifies 96 Terrorism Financiers
Nigeria Identifies 96 Terrorism Financiers The Nigerian Financial Intelligence Unit (NFIU) says it identified 96 financiers of terrorism and 424 associates/supporters of the financiers in Nigeria in 2020 and 2021.…
Lawmakers Clear BPE of Financial Impropriety Allegations
Lawmakers Clear BPE of Financial Impropriety Allegations The Senate Committee on Public Accounts has cleared the Bureau of Public Enterprises (BPE) of allegations of financial impropriety brought against it by…
Yield Inched Higher as Investors Sell FGN Bonds
Yield Inched Higher as Investors Sell FGN Bonds In the debt market, the average yield on the Federal Government of Nigeria (FGN) bonds inched higher a basis point amidst selloffs…
NGX Dips as Equity Investors Book Profit
NGX Dips as Equity Investors Book Profit Dropped by N27 billion, the Local bourse end the week negative as the Al-share Index fell by 0.11% to close at 47,279.92 points,…
Gold Ends Higher as Dollar, Bond Yields Rise
Gold Ends Higher as Dollar, Bond Yields Rise Gold rebounded from early weakness on Friday after an unexpectedly robust United States (US) jobs report boosted the dollar and bond yields…
Nigeria’s Public Finance Starts Falling Since 2016 –Moody’s
Nigeria’s Public Finance Starts Falling Since 2016 –Moody’s Nigeria’s public finances have been deteriorating since 2016 due to successive oil prices shocks, Moody’s Investor Services said in a rating note.…
Nigeria’s Purchasing Managers Index Dips to 4-Month Low
Nigeria’s Purchasing Managers Index Dips to 4-Month Low The opening month of 2022 revealed a solid expansion in Nigeria’s private sector, according to Stanbic IBTC-IHS Markit Purchasing Managers Index for…
Money Market Rates Subdue as Liquidity Improves
Money Market Rates Subdue as Liquidity Improves Money market rates have been projected to remain subdued as liquidity position in the financial system improves with open market operation (OMO) repayment,…
GDP: Nigeria More than 6x Bigger than Ghana
GDP: Nigeria More than 6x Bigger than Ghana Accounting for about 20% of the Sub-Saharan African economic bloc, Nigeria is more than six times Ghana’s gross domestic product, according to…
Moody’s to Acquire GCR Ratings, Expanding Presence in Africa
Moody’s to Acquire GCR Ratings, Expanding Presence in Africa Moody’s Corporation announced today that it has agreed to acquire a majority (51%) stake in Global Credit Rating Company Limited (GCR),…