Analysts expect the bullish trend to be sustained this week

In the money market, the open buyback (OBB) and overnight (ON) rates declined w-o-w due to changes in system liquidity attributable to OMO and primary market repayments in the system. System liquidity significantly fell at the start of the week from a surplus of N579.6 billion in the prior week to a deficit of N68.9bn. […]

West African exchanges converge for seamless cross border listings

The West African Securities Regulatory Authorities (WASRA) has agreed to converge existing rules of Capital Market regulatory agencies within the region in a bid to ensure that cross border listing is carried out with little or no hindrances. This is to allow foreign companies carry out their businesses within the region and assist in deepening […]

Investors bet on Oando after return as shares out-perform market in April

Oando Plc. Nigeria’s integrated oil and gas services provider, outperformed the performance indicator of the Nigerian Stock Exchange (NSE) to emerge the best performing stock for the month of April. The stock gained 52.8 percent in the course of the month, as against a 0.57 percent decline recorded by NSE benchmark index, the All-share Index […]

Global trade tensions weigh on stocks as U.S. dollar holds gains

World stocks traded flat Thursday as worries over global trade tensions weighed, while the U.S. dollar consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes. According to a Reuters report, the MSCI world equity index, which tracks shares in 47 countries, traded flat in percentage terms as Europe’s pan-European […]

S&P, Dow slip ahead of Fed decision on monetary policy

American stocks slipped Wednesday, May 2, 2018, as investors looked ahead to the Federal Reserve’s latest announcement on monetary policy. The Dow Jones industrial average fell 45 points, as a 1.3 percent decline in Intel offset a 3 percent jump in Apple. The S&P 500 slipped 0.2 percent as health care fell nearly 1 percent. […]