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Friday, December 2, 2022

Stock Market Slumps as MTN, FCMB Depreciate

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Key performance indicators of the Nigerian Exchange (NGX) declined marginally on Thursday as market cap...

Brent Slumps as EU Puts Price Cap on Russian Oil

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The global oil market loosened up after European Union (EU) places a price cap on Russian oil while a stronger dollar ...

Naira Tumbles as World Bank Expects Remittance to Sag

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The Nigerian local currency tumbles by 0.12% at the Investors' and exporters’ foreign exchange market on Thursday ...

Remittances Grow 5% despite Global Headwinds

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Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022

Fresh stories

Today: Browse our editor's hand picked articles!

Stock Market Slumps as MTN, FCMB Depreciate

News 0
Key performance indicators of the Nigerian Exchange (NGX) declined marginally on Thursday as market cap...

Brent Slumps as EU Puts Price Cap on Russian Oil

News 0
The global oil market loosened up after European Union (EU) places a price cap on Russian oil while a stronger dollar ...

Naira Tumbles as World Bank Expects Remittance to Sag

FX Market 0
The Nigerian local currency tumbles by 0.12% at the Investors' and exporters’ foreign exchange market on Thursday ...

Remittances Grow 5% despite Global Headwinds

News 0
Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022

Business Confidence Drops as Nigeria’s Private Sector Improves for 29-Month

News 0
Business conditions continued to improve markedly in the Nigerian private sector during November ...
News

Stock Market Slumps as MTN, FCMB Depreciate

Key performance indicators of the Nigerian Exchange (NGX) declined marginally on Thursday as market cap...
Read more
Inside Africa

Moody’s Downgrades Ghana Ratings Again

Moody's Investors Service has downgraded the Government of Ghana's long-term issuer ratings ...
News

IMF to Visit Ghana for Talk on Funding Support

An International Monetary Fund (IMF) staff team will visit Ghana again from Dec. 1 to 13 to continue discussions on Accra’s request for a support programme.

Analysis

Analysis

Renewed Interest in BUA Cement Boosts Valuation

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Interested investors can now buy the entire 33.864 billion outstanding shares of BUA Cement Plc.
Analysis

Dangote Cement Rises after Shares Repurchase Plan

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Top cement producer Dangote Plc's share was more popular in the equities segment of the Nigerian Exchange
Analysis

Airtel Africa Share Price Spikes Ahead of Dividend Pay

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Ahead of interim dividend payments, equities investors’ interest in Airtel Africa has forced a new rerating ...
Analysis

GTCO Spikes as Analysts Project Solid Upside

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The share price of Guaranty Trust Holding Company (Ticker: GTCO) gained 11% due to a huge demand volume
Analysis

Union Bank of Nigeria Share Price Rises 13%

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Union Bank of Nigeria's share price gained 13%, thus helped pushed the banking index upward ...

LATEST BUSINESS

ECONOMY

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Foreign

China Unrest Spooks Markets, Investors Brace for Rebound

Global stock markets are spooked as protests erupt across China against President Xi Jinping’s zero-Covid policy...
Marketforces Africa -
Read post

SMEs

SMEs

FG Disbursed N785bn to MSMEs in 4 Years

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The Minister of Industry, Trade and Investment, Otunba Richard Adebayo on Thursday said the Federal Government
Featured

Why Job Happiness Drives Corporate Superior Performance

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“I’m not a social worker, so why should I have to care if staff are happy? I only care about the bottom line...
SMEs

How SAP Helps Resolve Capital Issues for MSMEs

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Whether it's your favourite pizza place that treats you to Italian flair and flavour anytime
Entrepreneurs

The Reality and Fantasy of Being an Entrepreneur

0
Without exaggeration, it will take two to five years for the global economy to heal.
Tech

Zenith Tech Fair Attracts Global IT Practitioners

The Second Edition of the Zenith Tech Fair, themed “Future Forward 2.0”, will be held on Tuesday ...
Tech

YouTube Announces Grant to Support Africa Creators

YouTube has announced its expansion efforts to support creators and the creative economy in Africa
Tech

NCC Holds Stakeholders’ Forum 5G Spectrum Auction

The Nigerian Communications Commission (NCC) on Tuesday organised a stakeholders’ forum
Fintech

FairMoney Partners Oradian to Accelerate Growth

 FairMoney, the leading credit-led digital financial institution in Nigeria, engages cloud banking solution
Fintech

Flutterwave Enables eNaira as Payment Option for Businesses

Fintech company, Flutterwave, has added Nigeria's eNaira as a payment option for merchants
Fintech

Ecobank Opens Application for Fintech Challenge with $50,000 Grant

Pan-African banking group, Ecobank Group, has launched the fifth edition of the Ecobank Fintech Challenge...
Fintech

Koolboks Raises $2.5m to Scale Solar Refrigeration in Africa

Koolboks, a renewable energy company providing accessible cold storage solutions to businesses

INVESTMENT
MARKET

Investment Managers Face Tough Investment Climate

Marketforces Africa -
Global investment managers face macro pressures and a challenging investment environment in 2023

Market Return Improves as NGX Gains Traction

Marketforces Africa -
Market Return Improves as NGX Gains Traction The equities segment...

NASD Sees Moderate Gain After Losing Streaks

Marketforces Africa -
Investors trading shares of unlisted companies’ on NASD over-the-counter (OTC) securities exchange ...

Bond Drops, Treasury Steadies after Policy Rate Hike

Marketforces Africa -
The average yield on the Federal Government of Nigeria (FGN) bond rises as price drops following rapid...

Nigerian Exchange Swells amidst Interest Rate Hike

Marketforces Africa -
The equities segment of the Nigerian Exchange (NGX) rises further on Tuesday amidst the Central Bank of Nigeria’s

Nigeria Raised N269bn from Debt Market at Higher Rates

Marketforces Africa -
It was a successful outing for the Debt Management Office after beating the target on Federal Government...

FINANCIAL
PRODUCTS

NASD Dips as Friesland Campina, UBN, CitiTrust Depreciate

Financial Products Marketforces Africa -
NASD Securities Exchange investors net worth has declined by about 4% from the opening investment value ...

9% Interest Rate Loan for Export Businesses – FirstBank

Adebowale Akanji -
A major problem the Nigerian naira is facing now is that Africa’s most populous nation is still feeding...

UBA Fuels SMEs Growth with Structured Lending

Marketforces Africa -
It is not contestable that emerging markets like Nigeria have a lot to achieve by helping individuals and businesses

FirstBank Launches Collateral Free 9% Interest Rate Loan for Women

Marketforces Africa -
First Bank of Nigeria Ltd. has announced the launch of the FirstGem fund (FirstGem loan)

Stanbic IBTC Infrastructure Fund to Close on Friday

Adebowale Akanji -
Following the success of the first tranche of Stanbic IBTC N100 billion Infrastructure Fund, the N15 billion

Unity Bank Yanga Product to Empower Underbanked Women Entrepreneurs

Ogochukwu Ndubuisi -
Divisional Head, Retail, SME Banking and E-Business, Unity Bank Plc, Mr. Olufunwa Akinmade

How to Buy, Sell Federal Government Bonds

Julius Alagbe -
Investors with low-risk profiles are the key buyers of fixed income securities. This is due to near-zero

FSDH Merchant Bank Selling N20bn Commercial Papers Series

Julius Alagbe -
FSDH Merchant Bank Limited has started offering series 6 (181-day tenor) and series 7

Cordros Milestone Fund: Taste of Varieties of Investment Options

Marketforces Africa -
The investment environment has become so tough that doing it alone could mean earning lower

Meristem Real Estate Advantage Portfolio: A Hedge Against Weak Naira

Marketforces Africa -
Nigerians are naturally exposed to fluctuation in their naira assets now.

Stock Market

Brent Slumps as EU Puts Price Cap on Russian Oil

News 0
The global oil market loosened up after European Union (EU) places a price cap on Russian oil while a stronger dollar ...

Naira Tumbles as World Bank Expects Remittance to Sag

FX Market 0
The Nigerian local currency tumbles by 0.12% at the Investors' and exporters’ foreign exchange market on Thursday ...

Remittances Grow 5% despite Global Headwinds

News 0
Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022

Business Confidence Drops as Nigeria’s Private Sector Improves for 29-Month

News 0
Business conditions continued to improve markedly in the Nigerian private sector during November ...

Nigerian Treasury Bills Yield Spikes, FGN Bonds Bump

Markets 0
The average yield on Nigerian Treasury Bills spikes strongly on Monday to 11%...
View all

blockchain

Japanese-Backed Crypto Exchange Bitfront Shuts Down

Marketforces Africa -
Bitfront, a U.S. crypto exchange backed by Japanese social media firm Line Corp, said it has suspended new sign-ups and credit...
Read more

Bitcoin Trades at $16,200 in Tight Crypto Market

Marketforces Africa -
Trading at the $16,000 -$16,500 range, the largest crypto asset by market capitalisation, bitcoin ...
Read more

FTX Collapse Could Reduce Institutional Capital in Crypto Funds

Marketforces Africa -
In the aftermath of the FTX collapse, institutional investors are likely to pull back or eliminate their already-small allocations
Read more

Stablecoin Begins to Stabilise after Volatility

Marketforces Africa -
The stablecoin market has stabilised since the collapse of TerraUSD, as market participants regained some...
Read more

Bitcoin Price Takes Big Hit amid Binance, FTX ‘Deal’

Marketforces Africa -
Bitcoin price declined below $18,000 after initially rebounding over $20,000 on news that the embattled FTX ...
Read more

Bitcoin Races North amidst Crypto Assets Surge

Marketforces Africa -
Bitcoin price races up North above $20,000 on Tuesday, trading above the psychological threshold after trading
Read more

XRP Rallies, Pops 40% Return in 7-Day

Marketforces Africa -
Ripple: XRP is in the news again this week following a hefty rallies due to improved sentiment after the Federal Reserve’s 75 basis points funds rates hike.
Read more

Bitcoin, Ethereum Dab on Fresh Retail Selloffs

Adebowale Akanji -
Bitcoin, Ethereum and other large-cap crypto assets see their respective price dropping strongly on Monday
Read more

El-Salvador Loses 56% on Crypto Bets, Fitch Sees Bonds Default

Marketforces Africa -
El-Salvador is 56% down on the country’s crypto bet, according to Nayib Tracker, a website
Read more

Bitcoin Trades Below $20,000 in Fresh Selloffs

Marketforces Africa -
Following a week long losing streak, Bitcoin trades below $20,000 Saturday after breaking out
Read more

Illicit Addresses Hold Large Cryptocurrency Assets–Report

Olu Anisere -
Illicit addresses hold at least $10 billion worth of cryptocurrency, according to the 2022 crypto crime...
Read more

Tether’s Reserves Fall by $16bn in Q2

Marketforces Africa -
Stablecoin Tether's reserves were worth $66 billion at the end of June 2022, down from $82.4 billion
Read more

INSIDE AFRICA

Inside Africa

Moody’s Downgrades Ghana Ratings Again

Moody's Investors Service has downgraded the Government of Ghana's long-term issuer ratings ...
News

IMF to Visit Ghana for Talk on Funding Support

An International Monetary Fund (IMF) staff team will visit Ghana again from Dec. 1 to 13 to continue discussions on Accra’s request for a support programme.
Healthcare

Facebook to Label Posts on COVID-19 Vaccines

Facebook Inc., on Monday said it had started adding labels to posts ...
Inside Africa

Ghana Receives First Doses of AstraZeneca COVID-19 Vaccine

Today, Ghana became the first country outside India to receive...
News

Nigeria Records Total of 888 COVID-19 Deaths as Fresh Cases Rise

Nigeria Records Total of 888 COVID-19 Deaths as Fresh Cases Rise. In Nigeria, numbers of infected people that have died climbed higher as coronavirus spreads its venom across the world.
News

643 new cases lift Nigeria’s COVID-19 total infections to 34,259

643 new cases lift Nigeria’s COVID-19 total infections to 34,259. The Nigeria Centre for Disease Control (NCDC) has announced 643 new COVID-19 cases in the country as total infections from the virus rise to 34,259. The NCDC disclosed this on its official twitter handle on Wednesday.
News

Total Infections Hit 33,153 as NCDC Adds 595 New Cases of COVID-19

Total Infections Hit 33,153 as NCDC Adds 595 New Cases of COVID-19. Total infections hit 33,153 as Nigeria's health agency announced 575 new COVID-19 cases in the country.
More from inside Africa
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