March 2024 Monthly Equities Report | Positive Investor Sentiment Across Markets
Global Market Overview: Bull Run Continues – Poised for Further Growth? In March 2024, the global equities market maintained its upward trend, extending its positive performance for the fifth (5th) month in a row. Consequently, the MSCI world Index surged by 3.01% month-on-month (MoM). This positive momentum extended to most of the major global Indices […]
March 2024 Monthly Fixed Income Market Update | Where are Yields Rising to?
Where are Yields Rising to? At the end of March 2024, the secondary Fixed Income (FI) market continued to note upward pressure on yields on a Month-on-Month (MoM) basis. The average yield in the Nigeria Treasury bills (NT-bills) market increased by 76bps MoM to close at 17.66%. Similarly, the FGN Bond market closed negative as […]
Daily Market Update | 03-04-2024
Daily Market Update (Equities) The Nigerian Equities market continued its negative streak and posted a 0.32% decline to 104,181.32 points in today’s trading session. Consequently, the market’s year-to-date (YtD) returns fell to 39.33% from yesterday’s 39.78% YtD. Today, total Volume and Value traded fell by 25.75% and 39.04% each to 405.03mn units and NGN8.91bn, respectively. […]
Banking Sector Update | Review of Minimum Capital Requirements for Banks
Review of Minimum Capital Requirements for Banks On the 28th of March 2024, the Central Bank of Nigeria announced the much-anticipated bank recapitalization guideline. For the recapitalization exercise, the CBN defined the minimum capital for existing banks as paid-up capital and share premium only. This definition effectively excludes shareholders’ funds from the computation. Kindly […]
