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Equities Investors Lost N200bn as Nestle, FBNH Tumble

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Equities investors on the floor of the Nigerian Exchange (NGX) lost about N200 billion, reversing positive uptrend

Oil Prices Increase on Tight Supply Outlook

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Oil prices increased on Tuesday amid investor profit-taking and expectations of a tight supply-demand balance in the

Treasury Yields Rise on Hawkish Fed Comments

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U.S. Treasury yields rose again last week, with the 10-year Treasury yield ending 10 basis points (bps) higher

Electricity Supply: Power Minister Decries Activities of Saboteurs, Cartels

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The Minister of Power, Mr Adebayo Adelabu, has decried the activities of saboteurs and cartels in the electricity

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Equities Investors Lost N200bn as Nestle, FBNH Tumble

News 0
Equities investors on the floor of the Nigerian Exchange (NGX) lost about N200 billion, reversing positive uptrend

Oil Prices Increase on Tight Supply Outlook

News 0
Oil prices increased on Tuesday amid investor profit-taking and expectations of a tight supply-demand balance in the

Treasury Yields Rise on Hawkish Fed Comments

News 0
U.S. Treasury yields rose again last week, with the 10-year Treasury yield ending 10 basis points (bps) higher

Electricity Supply: Power Minister Decries Activities of Saboteurs, Cartels

News 0
The Minister of Power, Mr Adebayo Adelabu, has decried the activities of saboteurs and cartels in the electricity
News

GCR Ratings Revised Outlook on Zedcrest Capital to Negative

GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of BBB-(NG) and
Inside Africa

New Cash Reserve Regime to Weaken Ghanaian Bank Profits – Fitch

The profitability of Ghanaian banks will weaken due to the Bank of Ghana’s (BoG) recent decision to link cash

Analysis

News

Jaiz Bank Shrinks by 15% Ahead of Board Emergency Meeting

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JaiZ Bank Plc lost 15% of its market valuation on the Nigerian Exchange as shareholders sold down interest ahead
MarketNews

Transcorp Power Profit Skyrockets by 665% to N20bn in Q1

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Transcorp Power Plc bolstered profit performance by more than 665% year on year in the first quarter of 2024,
MarketNews

Wema Bank Backed Juli Plc Registers 46% Valuation Surge

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Wema Bank Backed Juli Plc Registers 46% Valuation Surge Wema...
MarketNews

NEM Spikes 45% as Insurer’s Strong Float Attracts Buyers

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NEM Insurance Plc gained weight as the company’s market valuation jumped by more than 45% despite seesaw performance

Latest Business

ECONOMY

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Inside Africa

GCR Ratings Revised Outlook on Zedcrest Capital to Negative

GCR Ratings Revised Outlook on Zedcrest Capital to Negative

Marketforces Africa - 0
GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of BBB-(NG) and
New Cash Reserve Regime to Weaken Ghanaian Bank Profits - Fitch

New Cash Reserve Regime to Weaken Ghanaian Bank Profits – Fitch

Marketforces Africa - 0
The profitability of Ghanaian banks will weaken due to the Bank of Ghana’s (BoG) recent decision to link cash
Fitch Affirms Rwanda at B+, Projects 6.5% Economic Growth

Fitch Affirms Rwanda at B+, Projects 6.5% Economic Growth

Marketforces Africa - 0
Fitch Ratings has affirmed Rwanda's credit rating at 'B+' with a stable outlook. In its latest update, Fitch stated
Uganda's Economy Grows by 5.5% in Q4

Uganda’s Economy Grows by 5.5% in Q4

Zimbabwe Adopts New Gold-Backed Currency

Zimbabwe Adopts New Gold-Backed Currency

Tunisia's Inflation Rate Steadies at 7.5% in March

Tunisia’s Inflation Rate Steadies at 7.5% in March

Egypt Gets $820m as IMF Increases Facility by $5bn

Egypt Gets $820m as IMF Increases Facility by $5bn

Ethiopia's Weak Credit Profile Unchanged Ahead of Debt Restructuring

Ethiopia’s Weak Credit Profile Unchanged Ahead of Debt Restructuring

IMF Approves US$1.3bn Facility for Cote d'Ivoire

IMF Approves US$1.3bn Facility for Cote d’Ivoire

Double Shock Nearly Halts Angola Economic Recovery –IMF

Double Shock Nearly Halts Angola Economic Recovery –IMF

Moody’s Affirms Egypt Ratings, Outlook Now Positive

Moody’s Affirms Egypt Ratings, Outlook Now Positive

US Sanctions Companies, Individuals Advancing Russian Malign Activities in Africa

US Sanctions Companies, Individuals Advancing Russian Malign Activities in Africa

Investment

Equities Investors See N420bn as MTNN, TRANSPOWER Rally

Marketforces Africa Marketforces Africa -
Buying interest in MTN Nigeria (Ticker: MTNN), Transcorp Power Plc (Ticker: TRANSPOWER) and Dangote Sugar Refinery

Equity Market Drops N51bn

Julius Alagbe Julius Alagbe -
Equity Market Drops N51bn The market capitalisation of the Nigerian...

Treasury Yields Rise on Hawkish Fed Comments

Marketforces Africa Marketforces Africa -
U.S. Treasury yields rose again last week, with the 10-year Treasury yield ending 10 basis points (bps) higher

Electricity Supply: Power Minister Decries Activities of Saboteurs, Cartels

Marketforces Africa Marketforces Africa -
The Minister of Power, Mr Adebayo Adelabu, has decried the activities of saboteurs and cartels in the electricity

FG Recovers N57bn Debt From 10 MDAs, Says Official

Marketforces Africa Marketforces Africa -
The Director, of Special Projects, Federal Ministry of Finance, Aisha Omar, has said the ministry has so far recovered

Dangote Crashes Diesel, Aviation Fuel Prices Further

Marketforces Africa Marketforces Africa -
Again, Dangote crashes diesel, and Aviation fuel prices further to N940, N980 respectively

Financial Products

Ecobank SuperSavers Account Holders Get Up to 9% Interest Rate

Financial Products Marketforces Africa Marketforces Africa -
Ecobank Nigeria, a subsidiary of the Ecobank Group, the leading pan-African banking group ...

Nigerian Bourse Rebounds with N902bn Daily Gain

Julius Alagbe Julius Alagbe -
Bulls stage comeback into the Nigerian Exchange (NGX), gaining N902 billion after two days bloodbath ....

Yield Climbs as CBN Increases Rates on Treasury Bills

Julius Alagbe Julius Alagbe -
The average yield climbed as the Central Bank of Nigeria (CBN) increased spot rates on Nigerian Treasury Bills auctioned ...

Selloffs Provoke Spike in Nigerian Treasury Bills Yield

Marketforces Africa Marketforces Africa -
The average yield on Nigerian Treasury bills increased by 11 basis points to 3.4% following selloffs ....

Odu’a Investment Plans to List on Nigerian Exchange

Julius Alagbe Julius Alagbe -
Odu’a Investment Plans to List on Nigerian Exchange Odu’a Investment...

Nigeria’s Sovereign Eurobond Yield Dips Below 10%

Julius Alagbe Julius Alagbe -
Due to strong buying interest, Nigeria’s sovereign Eurobond yield has dipped below 10%, according to an investment

Benchmark Yield Shrinks as Bonds Market Rallies

Julius Alagbe Julius Alagbe -
The average yield on Federal Government of Nigeria (FGN) bonds shrank in the secondary market as

Equities Investors Combine Wealth Grows to N44Trn -NGX

Marketforces Africa Marketforces Africa -
The Nigerian Exchange (NGX) All-share index hit an all-time high as a result of sustained bargain hunting ...

Sanwo-Olu Inaugurates N750m Market Transfer Money in Lagos

Marketforces Africa Marketforces Africa -
Sanwo-Olu Inaugurates N750m Market Transfer Money in Lagos Gov. Babajide...

NGX Gains N85bn as Investors Park Cash in Banking Stocks

Marketforces Africa Marketforces Africa -
As equities investors continue to grow, the equities market capitalisation of the Nigerian Exchange

FIN MARKET

Oil Prices Increase on Tight Supply Outlook

News 0
Oil prices increased on Tuesday amid investor profit-taking and expectations of a tight supply-demand balance in the

Treasury Yields Rise on Hawkish Fed Comments

News 0
U.S. Treasury yields rose again last week, with the 10-year Treasury yield ending 10 basis points (bps) higher

Electricity Supply: Power Minister Decries Activities of Saboteurs, Cartels

News 0
The Minister of Power, Mr Adebayo Adelabu, has decried the activities of saboteurs and cartels in the electricity

FG Recovers N57bn Debt From 10 MDAs, Says Official

News 0
The Director, of Special Projects, Federal Ministry of Finance, Aisha Omar, has said the ministry has so far recovered

Dangote Crashes Diesel, Aviation Fuel Prices Further

News 0
Again, Dangote crashes diesel, and Aviation fuel prices further to N940, N980 respectively

IPMAN Hinges Erratic Petrol Availability on Allocation Issues From NNPC

News 0
The Independent Marketers Association of Nigeria (IPMAN) says petrol availability has been erratic

CBN Sells $10,000 to 1583 BDCs at N1,021

News 0
The Central Bank of Nigeria (CBN) has offered to sell $10,000 to 1,583 Bureau de Change (BDCs) operators in the
View all

Cryptocurrency

Bitcoin Drops by 10% to $67K as Crypto Rallies Retrace

Marketforces Africa -
Market prices of largest digital asset bitcoin and other cryptocurrencies fell on Friday
Read more

Bitcoin Hits $60K First Time in 2-Year

Julius Alagbe -
Bitcoin hit $60,000 on Wednesday for the first time in more than two years, as a flurry of capital into new U.S. spot bitcoin exchange-traded products fuelled a
Read more

Is a New Bitcoin All-Time High in Sight?

Marketforces Africa -
Bitcoin surpassed $59,000 in price on Wednesday, and it could hit a new all-time high within weeks...
Read more

Bitcoin Rises to $51,800 as ETF Inflows Hit $4bn

Marketforces Africa -
The cryptocurrency market continues to inch higher as the price of the largest digital asset is getting close to $52,000
Read more

Tether USDT Swings on Volatile Price Movements in Crypto Market

Marketforces Africa -
Tether USDT Swings on Volatile Price Movements in Crypto Market
Read more

Bitcoin ETF Approval Acknowledges Cryptocurrency as Viable Asset Class

Marketforces Africa -
Cryptocurrency: The recent approval of the Bitcoin Exchange Traded Fund (ETF) has become a testament ...
Read more

Bitcoin Declines on Liquidated Short Positions

Ogochukwu Ndubuisi -
Bitcoin Declines on Liquidated Short Positions The world's largest crypto...
Read more

Bitcoin Price Jump Fuelled by Scandal Crackdowns, Central Bank Expectations

Marketforces Africa -
Bitcoin topping $40,000 is because - not despite - the recent scandals are clearing out the bad actors from the market, says the CEO of one of the world’s largest independent financial advisory, asset management and fintech organizations.
Read more

Fintech

Fintech Startup Thepeer Shut Down after $2.1m Seed Round

Nigerian fintech startup Thepeer, which provided Application Programming Interface (APIs) allowing customers to
Fintech

Fintech Funding Declines by 16% in Three Months

Due to shifting investors’ sentiment, global funding in the fintech sector has fallen to its lowest level since 2017,
Fintech

Zeepay Raises Equity to Support Ongoing Expansion

Ghanaian fintech company Zeepay Ghana has announced the completion of an equity investment by pan-African investment firms
Fintech

Flutterwave Shuts Down Barter Virtual Card, Focuses on Remittance

Flutterwave Shuts Down Barter Virtual Card, Focuses on Remittance Flutterwave...
Fintech

Flutterwave to Shutdown Creator Platform Disha on March 31

Disha, the no-code platform for creator platform acquired by Flutterwave in 2021
MarketForces Africa
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