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Red Sea Attacks Disrupt Global Trade

(Credit: Pilesasmiles/iStock by Getty Images) March 7, 2024/IMFBlog By Parisa Kamali, Robin Koepke, Alessandra Sozzi, and Jasper Verschuur In the past few months, global trade has been held back by disruptions at two critical shipping routes. Attacks on vessels in the Red Sea area reduced traffic through the Suez Canal, the shortest […]

NGXASI Gains +0.75%, Driven by Bellwether Counters

March 7, 2024/InvestmentOne Report The NGXASI advanced by 0.75% today to close at 100,335.30pts, as the buy-interest in MTNN (+10.00%), DANGSUGAR (+10.00%) and OANDO (+9.09%) drove the market into the green zone. In the Fixed income space, the Treasury Bills secondary market closed bearish, as there were significant selloffs observed across all […]

Bulls Extend Victory as NGXASI Up by 75bps, Investors Gain N420.47Bn

—–NGXASI stands at +34.19% (YTD); Naira depreciated by 0.22% to close at ₦1,602.17 March 7, 2024/Futureview Research EQUITIES MARKET: The upward momentum continued on the Nigerian equities market, marking the fourth consecutive trading session of gains. The NGX All-Share Index rose by 75 basis points, closing at 100,335.30, surpassing the […]