January 22, 2025/InvestmentOne Report The NGXASI declined by 0.29% today to close at 102,836.35pts, resulting from the losses printed in MTNN (-3.63%), FBNH (-1.74%) and WAPCO (-1.34%) which stoked the negative performance in the Nigerian bourse. In the fixed income space, the Treasury Bills secondary market traded on a slightly positive note driven […]
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Nigerian Bourse Trades Bearish -0.3%, Dragged by MTNN
January 22, 2025/Cordros Report EQUITIES The local bourse traded with bearish sentiments in today’s session as profit-taking activities in MTNN (-3.6%) caused a 0.3% decline in the benchmark index to 102,836.35 points. Consequently, the Year-to-Date returns settled at -0.1%. The total trading volume decreased by 10.3% to 394.82 million units, […]
CBN Maintains High Interest Rates to Discourage Speculation, Analyst Says
January 22, 2025 By InvestAdvocate Lagos (INVESTADVOCATE) In a strategic move to stabilize the economy and deter currency speculation, the Central Bank of Nigeria (CBN) has upheld elevated interest rates, presenting significant opportunities for local investors. Economic analysts argue that the policy, while costly to sustain, offers attractive yields on […]
