Finance & Economy
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Investors bid N384 billion worth of Treasury bills at 12.15% per annum
Investors bid N384 billion worth of one-year treasury bills in the latest auction of 26th July 2023 at a rate…
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Investors Lose N186.85bn as NGXASI Declines by 0.46%
1. EQUITIES MARKET 1.1 NGX – Listed Equities The Nigerian Equities Market closed negatively as the key market indicator declined by 301.65 bps amid…
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Price Fixing: PoS operators risk three months imprisonment, says FCCPC
The Federal Competition and Consumer Protection Commission has said Point of Sale operators caught for price fixing risk three months…
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CBN admits forex supply issues creating exchange rate volatility
Acting CBN Governor Fola Shonubi admitted on Tuesday that supply-demand imbalances are fuelling current volatility in Nigeria’s exchange rates. In…
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CBN increases interest rate to 18.75% in first MPC session since Emefiele’s suspension
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the benchmark interest rate (MPR) by…
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Fidelity Bank reclassified as Medium Price Stock
Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (“NGX”) on Friday announced the…
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An Investor Now Requires CBN’s Prior Approval and a No Objection to Acquire 5% Equity Holding of a Bank/Holdco
Based on the new Central Bank of Nigeria (CBN) Corporate Governance Guidelines recently issued by the bank regulator, potential investor will…
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GTCO Stock Price Hits Rooftop ,Delivers Heavy Returns To Investors
1WK4WK3MO-8.17%+38.1% 6MO1YRYTD+42.2%+66%+46.5% GTCO closed its last trading day (Friday, July 14, 2023) at 33.70 NGN per share on the Nigerian…
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Investors Lose N97.58bn as NGXASI Declines by 0.29
As Banking Index decreases by 14.32% to top losers of the week The Nigerian Equities Market closed negatively as the…
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Oversubscription at NTB Auction Crashes Stop Rates
Despite rising negative real returns, the demand for Nigerian treasury bills has rocketed. The NTB auction held on July 12,…
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