The banking sector was on the upbeat this week as participants took positions in anticipation of FY results, leading to a rally in the prices of all but three stocks in the sector. GTBank lost less than 1.0% cumulatively, as demand hovered between N14.00 and N14.30, while Union Bank also […]

The NSE All-Share Index appreciated by 84.75 points or 0.4% to close on Friday at 20,495.92 while the market capitalization of the 186 First -Tier equities increased to N6.46 trillion. Also, the NSE-30 Index appreciated by 11.23 points or 1.2% to close at 937.14. Last week, the NSE-ASI and NSE-30 […]

Nigeria sold 149.65 billion naira ($953.00 million) worth of treasury bills this week with yields on the 182-day and 364-day papers lower than the previous auction, while the 91-day yields rose slightly.  The central bank sold 44.65 billion of the 91-day treasury bill at a 14.80 percent rate, up marginally […]