Nigeria’s Eurobonds Ticks Up to 9.44% over Selloffs
Transcorp Hotels Market Value Rises Ahead of Q3 Earnings:?Transcorp Hotels Plc saw positive price movement in the equities segment of the Nigerian Exchange ahead of the company’s third quarter earnings release... Read more
Nigerian Top 5 Banks Now Worth N5.2trn or $3.23bn:?In the equities market, investors placed about N5.2 trillion as the combined market value or worth of the Nigerian top five banks listed on the Nigerian Exchange. Read more
Transcorp Power Tops Performers, Gains 19.3% after Hefty Earnings:?The market placed higher value on Transcorp Power Plc shares as the power generation company became investors toast after third quarter... Read more
Custodian Investment Falls by 9% as Investors Take Profit:?Custodian Investment PLC fell by about 9% to settle at N68.52 billion, according to details obtained from the Nigerian Exchange. Read more
Royal Exchange Dips by N579m to N5.621 Billion:?Royal Exchange Plc market value declined by about N579 million in a week to close at N5.621 billion on the Nigerian Bourse due to sell pressure on insurance stocks. Read more
FBN Holdings to Hold 2023 AGM in Nov, Sets to Change Name:?After a lengthened delay, FBN Holdings Plc has scheduled its annual general meeting with shareholders to hold November 14 virtually to receive accounts and declare dividends. Read more
Naira Rises by 2.5% as CBN Defends Local Currency with $60m:?The naira gained about 2.4% week on week as the Central Bank of Nigeria (CBN) defended the local currency with $60 million in the official market... Read more
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FX Auction: CBN Sells $60 million to Nigerian Banks at N1,540:?The Central Bank of Nigeria (CBN) sold $60 million to the authorised dealer deposit money banks at the rare FX auction conducted last week to stop exchange rate from crossing the red line. Read more
Nigerian Equities Market Grows by N3.3 trillion to N59.43 trillion:?The equities market capitalisation of the Nigerian Exchange (NGX) grew by N3.3 trillion to N59.43 trillion week on week due to listing of Aradel Holdings PLC... Read more
Bonds Yield Up as Traders Open Short Positions Ahead of Auction:?The Federal Government of Nigeria (FGN) bonds secondary market ended the trading sessions with selloffs as fixed interest securities traders opened short positions. Read more
Nigerian Treasury Bills Yield Rises as Banks Trim Holdings:?The average yield on Nigerian Treasury bills inched higher to about 24.2% in the secondary market as local deposit money banks sold off investment securities to meet funding requirements. Read more
Nigeria’s Eurobonds Ticks Up to 9.44% over Selloffs:?The average yield on Nigeria’s Eurobonds rose by 7 basis points in the international capital market due to sell pressures triggered foreign portfolio investors weak appetites. Read more
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