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Market Highlight: Vol. 78

Marina Times January 15, 2024

Naira bounces back from record low, rises by 19.17% to close higher at N874.79/$1 in the official market on Thursday.
JPMorgan predicts a selloff of $30 billion in private credit in 2024.
Shell Plc projects a boost in gas trading in Q4, profit mix across segments.
Oil producing states’ domestic debt stock drops by N107.6 billion in Q3 2023.
CBN settles $2bn forex forwards with banks.
Cadbury Nigeria to seek shareholders’ approval to convert intercompany loan of $7.718 million into equity.

Market Highlight: Vol. 77

Marina Times January 8, 2024

NGX shareholders have gained over N2 trillion in one week.
Bitcoin ETF issuers clear significant hurdles on the path to SEC approval.
The NGX All-Share Index will likely hit 80,000 in the coming days.
Naira depreciates by 8.9% on the first trading day of 2024.
Airtel, MTN’s shareholders gain N2.113 trillion in market value in 2023.
Wema Bank and Transcorp recorded as top gainers as NGX ASI closes at 78,020.54 points

Market Highlight: Vol. 76

Marina Times January 1, 2024

NAFEM Exchange rate ends 2023 at N907.11, 26.8% depreciation since unification.
Nigeria Stock Market All Share Index closes 2023 with 45.9% gain.

Market Highlight: Vol 70.

Marina Times November 14, 2023

NTB stop rates climb at the PMA (91 days — 5.99% to 7.00%; 182 days — 9.00% to 11.00% & 364 days — 13.00% to 16.75%).
FMDQ marks 10th anniversary.
NGX ASI gains 370 points (0.05%) intra-week.
Nigeria’s foreign capital imports drop by 9% in Q2, 2023.

Market Highlight: Vol 69.

Marina Times November 10, 2023

Naira jumps on Nigeria streets, crypto trade after forex cleared.
Nigeria sells 1 year OMO bills in biggest signal of interest rate adjustment.
The NGX’s ASI all share index hits all-time high, crosses 70,000 points.

Market Highlight: Vol 68.

Marina Times October 30, 2023

Naira appreciates against dollar for first time in three weeks.
FMDQ effects name change renames ‘NSOFF’ product to ‘Cleared USD/NGN NDFs.
FG’s effort to increase revenue could reduce debt service by 20% — DMO.
MSCI to Reclassify the MSCI Nigeria Indexes from Frontier Markets to Standalone Markets Status.