Weekly Commentary and Stock Recommendation: 30th September – 4th October 2024
Last week, the market lost NGN596.61bn due to selloffs in DANGCEM, BUACEMENT and FBNH, which caused the market to lose 0.95% Week-on-Week (WoW). However, we saw gains in sectors such as Oil and Gas, Insurance and Consumer Goods sectors, as investors bought into tickers such as SEPLAT, NEM and INTBREW respectively.
Everything you need to know about Treasury Bills
What are Treasury Bills? Treasury Bills are short term government debt instruments issued by the CBN. This is one of the several ways the government raises funds. The CBN also uses treasury bills to control money supply in the economy. How are Treasury Bills Sold? Treasury Bills are sold through a bi-weekly auction conducted by […]
