Equities Investors Gain N6.3Trn as NGX Hits ‘Overbought’ Equities investors in the Nigerian stock market saw its largest weekly gain of about N6.3 trillion amidst a sustained rally. This local…
Nestle Nigeria Valuation ‘Frozen’ after Negative EPS Equities investors in the Nigerian Exchange (NGX) left Nestle Nigeria Plc behind from getting re-rated amidst a strong rally that started last year.…
CBN Crashes Rates as Investors Oversubscribe OMO Bills Offer The Central Bank of Nigeria (CBN) crashed spot rates on its open market operation bills at the primary market auction conducted…
Selloffs Provoke Spike in Nigerian Treasury Bills Yield The average yield on Nigerian Treasury bills increased by 11 basis points to 3.4% following selloffs witnessed in the secondary market on…
Honeywell Flour Spikes by 50.8% to N46bn Amidst Free Float Issue Fast-moving consumer goods challenger Honeywell Flour Mills Plc recorded a sharp increase in stock market price as the local…
Dangote Cement Jumps 54% to N9.2Trillion on Volume Purchases Following a strong share volume purchase, the market capitalisation of Dangote Cement Plc (Ticker: DANGCEM) hits an all-time high amidst the…
Geregu Power Rises to N1.174 Trillion from N250 Billion Geregu Power Plc is one of the top stocks that has continued to rise in the stock market, gaining a whooping…
Naira Slides Over Lean Official FX Supply The Naira depreciated by 0.04% at the official market, closing at N902.45 per US dollar on Friday from N902.08 in the previous day.…
AfDB, Ethiopia Resolve to Normalise Relations African Development Bank Group (AfDB) and the Ethiopian government have moved to resolve conflicts that dent the relationship in a country where the Bank…
Newly-elected Liberian president, Joseph Boakai, was whisked off the podium after suffering “heat-induced faintness” during his inauguration ceremony. Boakai, 79, was giving his acceptance speech on Monday, January 22, 2024,…