32.2 C
Lagos
Tuesday, November 28, 2023

Nigerian Exchange Down by N165bn over Selling Rallies

0
Losing about N165 billion today, the equities investors in the Nigerian Exchange saw their combined wealth falling for the second day in the week due to weak sentiment. Again, the market performance indicators dropped by 0.44%, resulting in a moderation in the year-to-date return of the Exchange.

Oil Rebounds Ahead of OPEC+ Meeting

0
Ahead of the Organisation of Petroleum Exporting Countries (OPEC) and allies (OPEC+) rescheduled meeting for Nov. 30, global prices of crude ascended moderately after falling below $80 per barrel.

Adobe, Figma Deal Bad for Innovation- UK Regulator

0
The United Kingdom (U.K) Competition and Markets Authority said it has provisionally found Adobe's planned $20 billion acquisition of collaboration software company Figma would likely harm innovation for software used by the vast majority of U.K. digital designers.

Banking Stocks, MeCure Drive Midday Rally on NGX

0
The Nigerian Exchange (NGX) rides on buying waves due to equities investors' improved buying sentiments on Mecure and banking stocks, detail from Alpha Morgan Capital Limited shows.

Fresh stories

For ads placement, content promotion: please Call: 08076677706

Nigerian Exchange Down by N165bn over Selling Rallies

News 0
Losing about N165 billion today, the equities investors in the Nigerian Exchange saw their combined wealth falling for the second day in the week due to weak sentiment. Again, the market performance indicators dropped by 0.44%, resulting in a moderation in the year-to-date return of the Exchange.

Oil Rebounds Ahead of OPEC+ Meeting

News 0
Ahead of the Organisation of Petroleum Exporting Countries (OPEC) and allies (OPEC+) rescheduled meeting for Nov. 30, global prices of crude ascended moderately after falling below $80 per barrel.

Adobe, Figma Deal Bad for Innovation- UK Regulator

News 0
The United Kingdom (U.K) Competition and Markets Authority said it has provisionally found Adobe's planned $20 billion acquisition of collaboration software company Figma would likely harm innovation for software used by the vast majority of U.K. digital designers.

Banking Stocks, MeCure Drive Midday Rally on NGX

Stock Market 0
The Nigerian Exchange (NGX) rides on buying waves due to equities investors' improved buying sentiments on Mecure and banking stocks, detail from Alpha Morgan Capital Limited shows.
Inside Africa

Ghana Keeps Benchmark Interest Rate at 30%

The Bank of Ghana maintained the status quo on benchmark interest rate at 30.0% as the inflation rate slowed for the third month in a row in October.
Foreign

EU Allocates €1M for Fight Against Diphtheria Outbreak in Nigeria

EU Allocates €1M for Fight Against Diphtheria Outbreak in Nigeria

Analysis

News

Stanbic IBTC Plc Halts Uptrend, Slides by 7%

0
The share price of Stanbic IBTC Plc declined by 7% to close at N65 on Friday, stock market data shows.
News

Market Upgrades Unity Bank Valuation by 57%

0
Unity Bank Plc's share price has been gathering energy from increased demand ...
News

MeCure Industries Plc Enjoys Post-Listing Gains

0
The stock market price of MeCure Industries Plc spiked by 61% to N9.21 in the last five trading sessions
News

Geregu Power Market Value Jumps By 296% in 13-Month

0
The share price of Geregu Power Plc steadied over the last seven trading sessions in the stock market. .

Latest Business

ECONOMY

View All
spot_img

Inside Africa

Ghana Keeps Benchmark Interest Rate at 30%

Ghana Keeps Benchmark Interest Rate at 30%

Marketforces Africa - 0
The Bank of Ghana maintained the status quo on benchmark interest rate at 30.0% as the inflation rate slowed for the third month in a row in October.
EU Allocates €1M for Fight Against Diphtheria Outbreak in Nigeria

EU Allocates €1M for Fight Against Diphtheria Outbreak in Nigeria

Marketforces Africa - 0
EU Allocates €1M for Fight Against Diphtheria Outbreak in Nigeria
PPPs Crucial to Bridge Africa’s Infrastructure Gap -Lisinge

PPPs Crucial to Bridge Africa’s Infrastructure Gap -Lisinge

Anthony Persuader - 0
Public-private partnerships (PPPs) are crucial to closing the financing gap for infrastructure development in Africa
The International Monetary Fund (IMF) and Cameroon government have reached a staff-level agreement on policies required to unlock financial support worth about $73 million, according to a statement released by the multilateral lender.

IMF, Cameroon Reach Agreement to Unlock Loan

AEC 2023: Experts Seek Removal of Visas on the Continent to Drive Growth

AEC 2023: Experts Seek Removal of Visas on the Continent to...

The consumer inflation rate in Ghana slowed to 35.2% year on year in October from 38.1% in September, the statistics service said on Tuesday. The decline in headline inflation was attributed to moderation in the food price index, supported by government policy redirection.

Ghana’s Inflation Rate Declines to 35.2%

Africa Finance Corporation (AFC)

AFC Backs Egypt as Re-Guarantor on JPY75bn Samurai Bond Issue

Morocco's King Mohammed VI opened the 2023 Africa Investment Forum Market Days on Wednesday with a call for Africans to work together to attract the levels of private investment needed to drive the continent's inclusive development.

Africa Needs Bold Innovative Initiatives to Unleash the Full Potential- King...

Non-resident holdings of South African domestic government debt are somewhat high, S&P Global said in its African domestic debt report, adding that this exposes the sovereign to shifts in foreign investor sentiment.

Non Resident Holdings: S/Africa Exposes to Foreign Investors’ Sentiment Shift

Ghana’s 55% Debt to GDP Target Not Feasible -S&P

Ghana’s 55% Debt to GDP Target Not Feasible -S&P

The South African government’s projection that government debt/GDP will rise to 77.7% in the fiscal year ending March 2026 (FY26) is broadly in line with Fitch Ratings’ forecasts.

South Africa’s Fiscal Outlook Clouded by Wage Costs –Fitch

Zambia's agreement with Eurobond holders could reduce the country’s debt default risk, according to Fitch Ratings. The authority is striving to boost fiscal performance and drive economic growth following its debt default that locked out the country from external financing.

Zambia Pact with Eurobond Holders Reduces Debt Default Risk

Investment

Banking Stocks, MeCure Drive Midday Rally on NGX

Marketforces Africa -
The Nigerian Exchange (NGX) rides on buying waves due to equities investors' improved buying sentiments on Mecure and banking stocks, detail from Alpha Morgan Capital Limited shows.

Market Capitalisation Slides as UBN Delists from Nigerian Exchange

Marketforces Africa -
Nigeria’s stock market opened this week’s trading with bullish sentiments, underpinned by bargain hunting...

Adobe, Figma Deal Bad for Innovation- UK Regulator

Marketforces Africa -
The United Kingdom (U.K) Competition and Markets Authority said it has provisionally found Adobe's planned $20 billion acquisition of collaboration software company Figma would likely harm innovation for software used by the vast majority of U.K. digital designers.

Banking Stocks, MeCure Drive Midday Rally on NGX

Marketforces Africa -
The Nigerian Exchange (NGX) rides on buying waves due to equities investors' improved buying sentiments on Mecure and banking stocks, detail from Alpha Morgan Capital Limited shows.

Zenith Bank to Open Subsidiary in France

Marketforces Africa -
Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the French Government to establish a subsidiary of Zenith Bank Plc in France, Nigeria’s most capitalised lender said in a statement.

Nigeria Eurobond Yield Rises as FPIs ‘Disengage’

Marketforces Africa -
Nigeria’s US dollar bonds benchmark yield rose by 2 basis points over risk-off sentiment exhibited by foreign portfolio investors (FPIs) in the market on Monday.

Financial Products

Access Bank Launches XtraWins Campaign to Reward Customers

Financial Products Marketforces Africa -
Access Bank has launched “XtraWins, Transact and Win” campaign to appreciate its customers and reward them for their loyalty

Equities Investors’ Wealth Rises by N27bn as NGX Rallies

Marketforces Africa -
Equities Investors' Wealth Rises by N27bn as NGX Rallies

Fixed Income Investors Dump FGN Bond on Policy Inaction

Marketforces Africa -
The average yield on the Federal Government of Nigeria (FGN) bond rose by 8 basis points

Equities Investors See N183bn Gain as NGX Extends Rally -Market Wrap

Ogochukwu Ndubuisi -
Market Wrap: Equities investors see about N183 billion gain as Nigerian Exchange (NGX) extends rally....

Foreign Investors Park Cash in Nigeria USD Bonds

Julius Alagbe -
Benchmark yield declined as Nigeria's sovereign US dollar bonds gained foreign investors' attention ...

Equities Investors’ Wealth Rises by N146bn as NGX Rebounds

Marketforces Africa -
The equities segment of the Nigerian Exchange (NGX) rebounded with about N146 billion gain ....

Stock Market Retreats as Investors Dump BUA Cement, ACCESS

Marketforces Africa -
The Nigerian Exchange (NGX) retreated at the beginning of the week as investors took profit ...

NGX Sheds N296bn as Equities Investors Book Profit

Ogochukwu Ndubuisi -
The Nigerian Exchange (NGX) shed more than N296 billion on Thursday due to a negative shift in market sentiment.

Nigeria Eurobond Yield Ticks Up Over Sell Pressure

Marketforces Africa -
Benchmark yield on Nigeria's US dollar bonds or Eurobond ticked up midweek as foreign investors...

Nigeria’s US Dollar Bond Prices Slump Amidst FX Crisis

Marketforces Africa -
The average yield on Nigeria's US dollar bond spiked amidst the foreign currency crisis in the local economy.

FIN MARKET

Oil Rebounds Ahead of OPEC+ Meeting

News 0
Ahead of the Organisation of Petroleum Exporting Countries (OPEC) and allies (OPEC+) rescheduled meeting for Nov. 30, global prices of crude ascended moderately after falling below $80 per barrel.

Adobe, Figma Deal Bad for Innovation- UK Regulator

News 0
The United Kingdom (U.K) Competition and Markets Authority said it has provisionally found Adobe's planned $20 billion acquisition of collaboration software company Figma would likely harm innovation for software used by the vast majority of U.K. digital designers.

Banking Stocks, MeCure Drive Midday Rally on NGX

Stock Market 0
The Nigerian Exchange (NGX) rides on buying waves due to equities investors' improved buying sentiments on Mecure and banking stocks, detail from Alpha Morgan Capital Limited shows.

Zenith Bank to Open Subsidiary in France

Companies 0
Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the French Government to establish a subsidiary of Zenith Bank Plc in France, Nigeria’s most capitalised lender said in a statement.

Nigeria Eurobond Yield Rises as FPIs ‘Disengage’

News 0
Nigeria’s US dollar bonds benchmark yield rose by 2 basis points over risk-off sentiment exhibited by foreign portfolio investors (FPIs) in the market on Monday.

Reps Threaten to Hand Over NCAA Management to EFCC Over Missing N43bn Revenue

Fraud 0
The House of Representatives has threatened to hand over the management of Nigeria Civil Aviation Authority (NCAA) to Economic and Financial Crimes Commission (EFCC) over alleged missing N43 billion revenue generated in 2022.

It’ll Cost $13.5T to Achieve Carbon Neutral Future – Report

News 0
Transitioning to a more sustainable and carbon-neutral future, $13.5 trillion in investments will be needed by 2050, particularly in the production, energy and transport sectors, according to a new World Economic Forum report.
View all

BLOCKCHAIN

Bitcoin Crosses $38K, Ethereum Climbs in Latest Rally

Olu Anisere -
Bitcoin (BTCUSD), the largest crypto on Friday rose to as high as $38,294, a price level considered as loftiest
Read more

Bitcoin Retreats after Hitting $38,000 on Crypto Selloffs

Marketforces Africa -
The price of Bitcoin has fallen 3% over the past 24 hours to $36,250, retreating from its recent high near $38,000, which marks the largest digital asset's highest level since cryptos plunged into a brutal bear market in May 2022.
Read more

Bitcoin, Ethereum Steady After Slight Sell Pressures

Marketforces Africa -
Exchange-traded market prices of Bitcoin, Ethereum and other large cryptocurrency moves steadied on Monday ahead of the US economic data release.
Read more

Bitcoin Halts Momentum Briefly on Retail Selloffs

Marketforces Africa -
The price of Bitcoin shed 3% over the past 24 hours, now trading below $34,400 from about $36,000, its highest level since May 2022.  It has since rallied 70% to $34,300.  Due to improved sentiment, the most expensive crypto asset has rallied some 30% in weeks.
Read more

Market Cap of Cryptocurrencies Declines to $1.5T

Olu Anisere -
The crypto market bled due to large retail selloffs that plunged the combined value of all digital currency...
Read more

eNaira Poses No Threat to Financial Stability, Says CBN

Marketforces Africa -
The Central Bank of Nigeria (CBN), has assured Nigerians that its digital currency, eNaira posed no threat to financial stability.
Read more

Stablecoins to Revolutionise Africa’s Economic Landscape

Marketforces Africa -
In an era where financial empowerment is paramount, Africa is witnessing a remarkable surge in the adoption of stablecoins
Read more

Bitcoin, Other Crypto Assets Slump on Retail Selloffs

Marketforces Africa -
Bitcoin price slowed down by $225.28 or 0.85% to $26,294.47 due to retail selloffs
Read more

Binance P2P Announces Automated Payments for Crypto Trades

Marketforces Africa -
Binance P2P, a peer-to-peer trading platform, has introduced five new automated payment methods
Read more

Bitcoin Hits $26.5K as Digital Assets Rally

Marketforces Africa -
Bitcoin and other cryptocurrencies advanced Friday as risk-sensitive assets at large enjoyed gains
Read more

Opera Launches MiniPay, Stablecoin Wallet

Marketforces Africa -
Opera unveils MiniPay, a blockchain-based wallet built on the Celo blockchain. Directly integrated
Read more

Prices of Crypto Assets Fall on Retail Selloffs

Marketforces Africa -
Market prices of crypto assets fell on Wednesday due to retail investors selling down amidst global econo
Read more

Fintech

Nigeria Fintech Coy Launches App for Diaspora Remittance

A Nigerian-owned Fintech company has concluded plans to launch a mobile app to boost the growth of Small and Medium Enterprise through diaspora remittance.
Read more
Fintech

Chipper Cash, Visa Strengthen Partnership Amid Card Funding Glitches

Amidst card funding glitches experienced by its customers, Chipper Cash, a financial services company...
Fintech

Interswitch Loses N30bn to Fraud

Payments infrastructure giant Interswitch faces a financial threat as the company lost a whopping sum of ₦30 billion
Fintech

Alladin Digital Bank Launches Wallet to Ease Payments

Aladdin, a Lagos-based fintech firm, has introduced a pan-African wallet to ease digital transactions.
Fintech

Nigerian Fintech Wynk Offers Wealth Deal to Drivers

A Nigerian fintech, Wynk, is offering a fantastic share ownership scheme that promises a big deal of wealth
MarketForces Africa
MarketForces Africa is a Research, Training and Media platform providing information about markets, economies, and investment landscape. We have a bias for economic, business and financial technology news with wide coverage across Africa markets. We have a footprint in Data Analytics; Special Reports on Industries, People and Government.
Tel: +234(80)5207-6440, +234(70)3132-3233 +234(81)1262-6316 https://www.dmarketforces.com
Contact us: [email protected]

POPULAR POSTS

POPULAR CATEGORY

© Copyright 2018. MarketForces Africa. All Rights Reserved