Nigerian Exchange Hits N60trn as Banking Index Spikes

Nigerian Exchange Hits N60trn as Banking Index Spikes

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GCR Downgrades FBNQuest Merchant Bank over Capital Stress: GCR Ratings has downgraded FBNQuest Merchant Bank Limited’s national scale long and short term issuer ratings to... Read more

Naira Rises as Nigeria’s US Dollar Reserves Hit 27-Month High: The naira rose against the US dollar in the foreign exchange (FX) market as liquidity balances in the currency market overshadow demand pressure. Read more

Money Market Rates Climb over Negative Liquidity Balance: Money market rates climbed on the back of a deficit liquidity balance in the financial system. The market has consistently kept rates …Read more

Benchmark Yield Dips as Investors Bet on Nigerian Bonds: The benchmark yield on Nigerian government bonds dipped slightly to 19.31% as investors increased their position in the …Read more

FBN Holdings Hits N1trn ahead of Decision on Capital Raise: FBN Holdings PLC (Ticker: FBNH) has re-entered the category of listed stocks worth more than N1 trillion on the Nigerian Exchange …Read more

No Deadline on Circulation of Naira Notes, Says CBN: The Central Bank of Nigeria (CBN) says it has not fixed any deadline for the circulation of the old N200, N500 and N1,000 banknotes … Read more

PenCom Stops PFAs from Investing in Commercial Papers: The National Pension Commission (PenCom) has directed Licensed Pension Fund Administrators (LPFAs) and Custodian Fund to immediately suspend further investment…Read more

Access Holdings Spikes by 10% as Investors Begin Hunting: Access Holdings Plc recorded positive daily price movement of about 10% on the Nigerian Exchange (NGX) over renewed buying interest on the banking stock. ..Read more

Nigerian Exchange Hits N60trn as Banking Index Spikes: The equities market capitalisation of the Nigerian Exchange (NGX) hit N60 trillion, its all-time high due to strong buying interest in banking stocks…Read more

Kuda Partners with Vendy for Secure Payments with Kuda Pay ID: Kuda has partnered with Vendy, a marketplace on WhatsApp, to integrate Kuda Pay ID as a payment option for buyers on Vendy …Read more

Interest Rate on Nigerian Treasury Bills Rises to 20.65%: The interest rate offered to investors at the just concluded primary market auction (PMA) conducted by the Debt Management Office …Read more

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