Foreign Investors Flock Nigeria’s Eurobonds as US Rates Cut
Foreign Investors Flock Nigeria’s Eurobonds as US Rates Cut: Foreign portfolio investors in the international markets increase bets on Nigeria’s sovereign Eurobonds as traders sentiment improved. Markets, portfolio investors’ sentiment were shaped by…Read more
Nigeria Bonds Yield Settles at 19.41% ahead of Inflation: The average yield on Federal Government of Nigeria (FGN) bonds settled at 19.41% in the secondary market after mixed trading sessions last week ahead of inflation data. Read more
Naira Sinks, Data Shows CBN Foreign Payments Jump by 11%:?The naira dropped week on week in the foreign exchange market on various contending market dynamics. The battle for the soul of the local currency is still gathering steam as markets anticipate…Read more
Bitcoin Nears $80,000 as Buying Interest Heats up Crypto Market:?Market price of Bitcoin (BTCUSD) has surged near $80,000 at the last look today amidst sustained buying interest in the cryptocurrency markets. Ethereum (ETHUSD)?…Read more
Fitch Keeps Oyo Credit Rating at ‘B-‘, Outlook Positive:?Fitch Ratings has affirmed Oyo State’s creditworthiness or Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a positive outlook.?In its rating note, Fitch indicated…Read more
Egypt Inflation Rate Rises to 26.5% in October:?Egypt’s inflation rate rose to 26.5% in October 2024 from September’s 26.4%, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Sunday.…Read more
Money Market Rates Surge on Deficit Liquidity in Banking System:?Money market rates were tightened due to a negative liquidity balance in the banking system. The market had opened on a strong note before outflows relating to auction sales dampened liquidity balance…Read more
Conoil Hits New 52-Week High after Financials Error Correction:?Conoil Plc turned to money making machine for its shareholders due to a strong price uptick of 37% week on week recorded last week.? This happened after the?…Read more
EUNISELL Tops Performers with 46% Price Uptick:?Eunisell Interlinked Plc recorded significant price surge of about 46% week on week in the equities segment of the Nigerian Exchange (NGX), hitting N8.20 on Friday in the local bourse…Read more
CBN Raises N2.07 Trillion via Treasury, OMO Bills Auctions:?The Central Bank of Nigeria (CBN) raised more than N2.07 trillion from the financial markets via Treasury, and OMO bills sales, details from the auctions results showed…Read more
Unstable FX Rate, High Food Costs to Keep Inflation Uptrend:?Nigeria’s inflation rate has been projected to rise further due to negative impact high logistics costs and exchange rate pressures on food items across the markets…Read more
CBN Spends $383m to Defend Naira, 30% Below Sept. FX Sales:?CBN ACTION: The amount of US dollar sold to authorised dealer banks via foreign exchange market auctions fell by about 30% month on month in October 2024 as the…Read more
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