Author: Ogochukwu Ndubuisi
Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.
Equities investors lost N181 trillion in a swoop on Monday over risk-off sentiment spotted across key sectoral indices. The Nigerian Exchange (NGX) opened trading for the month in negative territory, with key market performance indicators declining by 1.3%.
Fitch Ratings has upgraded Wema Bank PLC’s Long-Term Issuer Default Rating (IDR) to ‘B’ from ‘B-‘ and its Viability Rating (VR) to ‘b’ from ‘b-‘. With stable outlooks, Fitch also upgraded Wema’s National Long-Term Rating to ‘A(nga)’ from ‘A-‘(nga)’.
Kidnapping: NUT Directs Oyo Teachers to Begin Indefinite Strike June 1 The Nigeria Union of Teachers (NUT) has directed all public primary and secondary school teachers in Oyo State to embark on an indefinite strike beginning on Monday. The body, in a statement made available to newsmen on Sunday in Ibadan, said that the decision was necessitated by the continued captivity of abducted teachers and pupils in the state. Some teachers and studets/pupils of Community Grammar School, Ahoro-Esinele, L.A. Primary School Ahoro-Esinele and Baptist Nursery and Primary School, Yawota, near Ogbomoso, in Oriire Local Government Area of Oyo State, were…
Oil prices edge higher during early hours on Monday as renewed tensions in the Middle East between the US and Iran heightened concerns over potential supply disruptions.
Federal Workers Reject N100,000 Minimum Wage Proposal The Federal Workers Forum (FWF) has rejected the proposed N100,000 national minimum wage, describing it as inadequate and incapable of addressing prevailing economic realities facing Nigerian workers. This is contained in a communiqué issued on Sunday at the end of a meeting and opinion poll held on Saturday to deliberate on hardship and insecurity across the country. The communiqué was jointly signed by Mr Andrew Emelieze, National Coordinator of FWF, Mr Ayo Ogundele, National Secretary, and Mr Aminu Yerima, National Mobilisation Officer of the forum. The forum said federal workers were grappling with…
NNPC Ltd. Records N481bn Profit in April The Nigerian National Petroleum Company Limited (NNPC Ltd.), says it has recorded N481 billion Profit After Tax (PAT) for April 2026. The development represented a sharp jump from the N276 billion posted in March, the company said in the April Monthly Report Summary, released on its X handle. The company said its crude oil and condensate production rose to 1.68 million barrels per day (mmbopd) in April, representing a 7.69 per cent increase from the March production level. The NNPC Ltd said revenue from oil hit N4.971 trillion for the month, up from…
The average yield on Nigerian Treasury bills eased slightly by 6 basis points (bps) week on week to 17.51% on Friday, as deposit money banks and other portfolio managers remain bullish.
The equities market sustained its positive momentum in May, with investors gaining N4.514 trillion as renewed buying interest in financial services and consumer goods stocks lifted overall market performance.
Zcash (ZECUSD) rose by 5.05% to $546.98 amid weak cryptocurrency market conditions, after significant sell pressure had driven its market value lower.
GCR Ratings (GCR) has affirmed Access Bank Plc’s national scale long and short-term issuer ratings of AA(NG) and A1+(NG), respectively, while the outlook is stable.