Borrowing Costs Spike as Investors Dump Nigeria Bonds
Borrowing Costs Spike as Investors Dump Nigeria Bonds The Nigerian bonds benchmark yield hit about 15.8% as local investors offloaded their portfolio in reaction to …
Money Market Rates Spike, CBN Claims Reform Works
Money Market Rates Spike, CBN Claims Reform Works Money market rates spiked as liquidity in the financial system dropped significantly amidst accelerating inflation conditions in …
Naira Rallies as Invisible Hands Balance Rates
Naira Rallies as Invisible Hands Balance Rates The naira rallied midweek as invisible hands put a touch on exchange rates across the markets. Both official …
Union Bank of Nigeria Delists to Attract Private Investments – CEO
Union Bank of Nigeria Delists to Attract Private Investments – CEO Union Bank of Nigeria (UBN) has inched closer to becoming a private company following …
Market Index Spikes as Equities Investors Gain N93bn
Market Index Spikes as Equities Investors Gain N93bn The equities segment of the Nigerian Exchange (NGX) gained more than N93 billion on Wednesday amidst increased …
Oil Climbs Over Healthy Demand Expectations
Oil Climbs Over Healthy Demand Expectations Prices of crude oil increased on Wednesday following a positive demand forecast by the International Energy Agency (IEA). Brent …
Treasury, OMO Bills Yields Slide after Auctions
Treasury, OMO Bills Yields Slide after Auctions The average yield on Nigerian government fixed interest securities instruments slid over renewed interest by local investors. Buying …
Tinubu Restates Commitment Towards Economic Recovery
Tinubu Restates Commitment Towards Economic Recovery President Bola Tinubu has assured Nigerians that the Federal Government would reverse the worrisome trend in the economy. Tinubu …
Nigeria Bond Yield Climbs to 15.7%
Nigeria Bond Yield Climbs to 15.7% The average yield on Nigerian government bonds climbed to 15.74% on Tuesday amidst high inflation rate expectations. The secondary …
Nigeria’s Inflation Rate Runs to 27.33%
Nigeria’s Inflation Rate Runs to 27.33% Nigeria’s inflation rate ran to 27.33% in October 2023, the statistics office said in its monthly consumer price index …