Nigerian equities declined despite positive market breadth, while disappointing US employment figures lifted shares without delivering lasting relief for bonds or gold.
Nigeria’s rate cut made holding cash less rewarding just as rising US bond yields made dollar assets more competitive. For investors opening their screens this Monday, those competing forces deserve attention alongside the stock-market rally.
Beyond the continent, oil prices surged as tensions around Iran intensified, government bond yields climbed, and stronger U.S. jobs data revived expectations of higher interest rates. From Lagos to global markets, investors had plenty to digest.
FTSE Russell’s decision to return Nigeria to its Frontier Market framework on September 21 paves the way for foreign index-tracking capital to return to local equities.
The Central Bank of Nigeria pulled over N4.7 trillion from commercial banks...
Nigeria's financial markets head into the final week of August with investors weighing a potentially transformative refinery IPO, a relatively stable naira, high oil prices and the government's claim that its economic reforms have restored investor confidence.
Dangote Refinery slashes petrol gantry prices to ₦1,165 per litre, pushing private depots to follow suit.
Parthian Partners projects July headline inflation to cool down to 15.70 percent.
The Debt Management Office launches a major ₦1.1 trillion FGN...
August 08, (THEWILL) – FXTM Academy, a leader in the financial markets Education, is pleased to announce the Ultimate Financial Markets Trading Seminar, scheduled for August 17th, at FXTM Head Office in Lagos. This one-day seminar brings together some...
Former Minister of Sports, Solomon Dalung, says President Bola Tinubu squandered last Thursday's Independence Day national address as a last chance to reassure Nigerians of the government’s efforts to unveil policy reforms for their welfare.