Month: September 2024

Brent Falls by 5% to $71 amidst Demand Concerns Oil prices are on track for a weekly decline on Friday with expectation of an increase in major oil producers amid…

Nigerian Treasury Bills Yield Rises as Discount Rates Increase The average yield on Nigerian Treasury bills spiked as investors reacted to the rate hike with profit taking activities in the…

9-Year Bond Yield Spikes on Selloffs as DMO Cuts Rates Benchmark yields on Nigerian government bond spiked in the secondary market as fixed interest securities investors trimmed their portfolio holdings.…

Interbank Rates Mixed on Liquidity Stress in Financial Market Money market rates diverge on the back of a significant decline in liquidity balance in the financial system following Central Bank…

Oando Plunges after Sell Side Initiated Unusual Trade Volumes After its recent past gaining streaks driven by strong earnings expectations, Oando Energy Plc gave up gains in the equities segment…

NGX Gains Weight as Investors Wealth Rises by N120bn The combined wealth of equities investors on the Nigerian Exchange (NGX) rose by about N120 billion due to bargain hunting which…

Sell Action: Caverton Falls by 27.4% as Positive Price Momentum Fades It is now worth less than N9 billion to buy Caverton Offshore Support Group Plc’s 3.350 billion shares outstanding…

FG Approves N350bn to Support Dams, Irrigation Facilities – Minister The Minister of Budget and Economic Planning, Alhaji Atiku Bagudu, says the Federal Government under Renewed Hope Infrastructure Fund has…

Wema Bank Spikes by 17.65% on Substantial Trade Volume Bolstered by an improved sentiment in banking stocks, Wema Bank Plc saw about an 18% valuation surge in the equities market…

Seplat Price Surge Raises Entry Barrier for Retail Investors Seplat Energy Plc has surged further to become the most pricey oil stocks on the Nigerian Exchange (NGX) at a unit…