Nigeria’s Bond, Treasury Bills Mixed as Liquidity Improves

Yields on Nigeria’s bond and Treasury bills instruments mixed across tenors as liquidity in the financial system improved, according to a slew of fixed income market analysts. Read more

Airtel Africa Share Price Spikes Ahead of Dividend Pay

Ahead of interim dividend payments, equities investors’ interest in Airtel Africa has forced a new rerating of the telecommunication company’s share price in the Nigerian Exchange … Read more

Nestlé Nigeria Exits 13-Digit Valuation, Share Drops 21%

Nestle Nigeria Plc has lost its place among the Nigerian Exchange trillion naira market capitalisation gang after sell orders on the consumer goods company were executed consecutively ….Read more

Renewed Interest in BUA Cement Boosts Valuation

Interested investors can now buy the entire 33.864 billion outstanding shares of BUA Cement Plc. for less than N3 trillion from N1.8 trillion in September 2022, except that Abdul Samad…Read more

NB Plc Pops 19% Amidst Plan to Issue Bonus Shares

Nigerian Breweries Plc leads the gainers’ chart as the company share tuned up stock market performance with a mouth-watering 18.7% weekly gain, according to trading data…Read more

Dangote Cement Rises after Shares Repurchase Plan

Top cement producer Dangote Plc’s share was more popular in the equities segment of the Nigerian Exchange after the company announced a fresh plan to repurchase its own shares in an effort to further stem volatility….Read more

Nigerian Bourse Booms as Market Movers Rally

Market capitalisation rises by N1.7 trillion as market movers companies’ stock listed in the Nigerian Exchange recorded large price appreciation amidst an upward adjustment ….Read more

Naira Slumps to New Low as Demand for FX Rises

Exchanged at N446.33 on Friday, the Nigerian local currency has crossed yet another red line as the naira struggles against stronger trading pairs including the United States dollar, the Great Britain pound sterling, the Euro and others. Read more

NASD Sees Moderate Gain After Losing Streaks

Investors trading shares of unlisted companies’ on NASD over-the-counter (OTC) securities exchange see a moderate capital gain in the just concluded week as market sentiments popped higher. Read more

GCR Downgrades FSDH Merchant Bank as Capital Moderates

While the outlook is accorded as stable, GCR Ratings has downgraded FSDH Merchant Bank Limited’s national scale long-term issuer rating to BBB+ (NG) and affirms the short-term issuer rating …Read more

Zenith Tech Fair Produces 11 Finalists with N53 mln

A total sum of N53 million in prize money was won at the end of a keenly contested hackathon session at the Second Edition of the Zenith Tech Fair, themed “Future Forward 2.0”…Read more