Equities drop to 3-month low after Buhari eyes re-election
Equities drop to 3-month low after Buhari eyes re-election Stocks dropped to a three-month low after President Muhammadu Buhari said he would seek re-election in 2019, ending months of…
Bonds yields decline 7 basis points at 13.7%
Bonds yields decline 7 basis points at Performance in the local bond market was bullish this week as average yield declined week on week following expectations of a possible…
Naira remains stable as rates trade within tight bands
Naira remains stable as rates trade within tight bands In a bid to sustain system liquidity and maintain stability across the different segments of the market, the CBN continued…
Awash of liquidity, OBB and OVN rates trend downward; T- Bills marker bullish
Awash of liquidity, OBB and OVN rates trend downward; T- Bills marker bullish In the money market, the Open Buy Back (OBB) and Overnight (OVN) rates declined week on…
Equity market: Attractive entry prices arise following sustained sell offs
Equity market: Attractive entry prices arise following sustained sell offs The bearish performance in the local bourse was sustained this week as the All Share Index shed percent to…
Nigeria’s UPDC to raise N20 billion to pay debt
Nigeria’s UPDC to raise N20 billion to pay debt To further cut down its mounting debt portfolio, UAC Property Development Company, UPSC will raise N20 billion via bond. The…
NSE desists N878.3 million of African Paints, Afrik Pharmaceuticals from official list
NSE desists million of African Paints, Afrik Pharmaceuticals from official list The Nigerian Stock Exchange (NSE), has said its National Council has approved with effect from April 5, 2018,…
Stock market maintains negative trend as ASI down by 0.26%
Stock market maintains negative trend as ASI down by The local bourse maintained a negative close for the second consecutive trading day as the All Share Index (ASI) slid…
FG approves $1 billion for purchase of arms
FG approves $1 billion for purchase of arms President Muhammadu Buhari has approved the release of $1 billion to Nigerian Defence authorities for the purchase of security equipment to…
FCMB after profit tax rises to N4.6bn
FCMB after profit tax rises to FCMB Group’s today announced its fourth quarter 2017 results which showed a remarkable growth of 123 percent year on year to billion. The…