January 31, 2024/CBN The Central Bank of Nigeria (CBN) has noted with concern the growth in foreign currency exposures of banks through their Net Open Position (NOP). This has created an incentive for banks to hold excess long foreign currency positions, which exposes banks to foreign exchange and other risks. Therefore, […]
Investors Bite
Bears Stage Comeback as NGXASI Down-190bps, Investors Loss N1.06Trn
——- NGXASI stands at +35.28% (YTD); Naira appreciated by 1.82% to close at ₦1455.59 January 31, 2024/Futureview Research Click here to download the full report EQUITIES MARKET: The Nigerian Equities Market closed in the red region as the day’s session saw the benchmark NGX All-Share Index (NGXASI) declined by 190 […]
NGXASI Declines -1.90% Dragged by GTCO, MTNN, ZENITHBANK
January 31, 2024/InvestmentOne Report The NGXASI declined by 1.90% today to close at 101,154.13pts, as profit taking in MTNN (-4.39%), ZENITHBANK (-10.00%) and GTCO (-9.76%) drove the market into the red territory. In the Fixed income space, the Treasury Bills secondary market closed down, majorly due to selloffs at the short and long […]
