NTB stop rates fall on CBN rate cut
Treasury bill stop rates plunged across all three maturities at Wednesday’s primary market auction, with rates falling by 70 to 80 basis points following the Central Bank of Nigeria’s 350- basis-point monetary policy rate cut. The 91-day Treasury bill recorded... Read More →
ARM breaks into Nigeria’s top 10 equity funds
ARM Aggressive Growth Fund broke into Nigeria’s top 10 equity mutual funds in August, replacing FCMBAM Equity Fund, as returns among the funds ranked seventh to 10th. Their returns ranged from 46.64 per cent to 52.90 per cent. ARM’s fund... Read More →
FG cuts margin on interest for late taxes
The Federal Government has linked interest charges on unpaid taxes to prevailing borrowing costs, saying delayed tax payments could force the government to borrow to cover revenue shortfalls. Under a new framework taking effect on October 1, 2026, interest on... Read More →
Money market rates ease as liquidity climbs to N7.45tn
Money market rates declined on Wednesday as increased liquidity in the banking system pushed short-term funding costs lower. The development followed the Central Bank of Nigeria’s 350-basis-point cut in its policy rate to 23 per cent and the adjustment of... Read More →
NASD Targets N12bn in Rights Issue to Fund Next Phase of Growth
NASD Plc has said it is seeking to raise N12 billion through a Rights Issue as the securities exchange strengthens its capital base and positions itself for its next phase of growth. The capital raise will support NASD’s regulatory recapitalisation... Read More →
Positive Sentiments Continued to Dominate as Stock Market GainsN622bn
Positive sentiments continued to dominate the Nigerian stock market yesterday as gains in 28 stocks lifted the market capitalisation by N622 billion. As a result, the Nigerian Exchange Limited All-Share Index (NGX ASI) rose by 0.38 per cent to close... Read More →