Treasury Bills Yields Edge Higher as Sell Pressure Persists
Naira Drops Market Wide, Exchange Rates Gap Now N102:?Exchange rates plunged across the currency market due to record amount of the US dollar shortfall in the official and parallel market…Read more
Equities Investors Gain N376bn as Oil, Banking Stocks Rally:?Equities investors gained N376 billion on the Nigerian Exchange (NGX) trading platform as oil, banking and consumer goods stock drive momentum... Read more
Transcorp Hotels Bolsters Q3 Earnings, Profit Spikes by 151%:?Transcorp Hotels Plc bolstered earning performance in the third quarter, according to its unaudited financial statement, which showed profit spiked by 151%...Read more
Money Market Rates Dip as Financial System Liquidity Improves:?The money market rates dip as liquidity level in the financial system improved on Monday ahead of bond auction debits. The absence of significant inflows into the financial markets has kept rates elevated... Read more
No Fresh Case Filed Against NNPCL, Others –Dangote Refinery:?Dangote Refinery has said the company has not filed any fresh case against the Nigeria National Petroleum Corporation Limited (NNPCL), according to an official statement. Read more
Benchmark Yield on Nigerian Bonds Climbs to 19.31%:?The FGN bond market opened the week quite calm, with the average yield ticking up by a basis points to print at 19.31%, traders said in a note.…Read more
Treasury Bills Yields Edge Higher as Sell Pressure Persists:?In the secondary market, the average yield on Nigerian Treasury bills edged higher again at the beginning of the week due to sell pressure triggered by disinflation. Read more
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Seplat Energy Rises by 10% after ExxonMobil Deal Notice:?Seplat Energy Plc’s market value increased by about 10% as the approval of the ExxonMobil deal boosted equities investors’ sentiments on the Nigerian Exchange (NGX) trading platform on Monday... Read more
Oil Prices Decline over Weak Demand Outlook:?The prices of crude oil were under pressures early on Tuesday in the global commodities market as demand and supply risks persist... Read more
FG Approves $1.28 Billion Seplat-ExxonMobil Deal:?The federal government (FG) has granted official approval for Seplat Energy’s acquisition of Exxon Mobil’s onshore assets, which are valued at $1.28 billion. Read more
Unilever Nigeria Grows Profit by 559% in Third Quarter:?Consumer goods company, Unilever Nigeria Plc, profit grew by more than 559% year on year to N11 billion, details from the consumer goods company unaudited financial statement showed…Read more
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Economist |Banking & Finance | Monetary Policy Analyst & Strategist.
1 个月The answer is obvious devaluing the naira is not at all beneficial for a country with poor production and a reliance on imports. I find it incomprehensible that we should emulate China, a nation whose expanding population is an asset rather than a liability, suggesting that their economy is more focused on production and exports, where a calculated decrease in value will greatly benefit them. I firmly believe that if the value of the naira declines, it is better for the IMF, World Bank, and its allies rather than the CBN.