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.

Naira Reclaims Value as FX Market Liquidity Tightening Eases The Nigerian naira reclaimed value, appreciated by 1.36% day on day in the foreign exchange (FX) market as demand and supply positions favoured the local currency on Thursday. While the naira recorded gain after downhill movement in the previous, the nation’s foreign external reserves dropped further. The successive daily decline in gross external reserves balance may not be unconnected to huge FX auctions. Some analysts are of the view that the a significant portion on the country’s foreign exchange reserves has been pledged for external deals including FX swap, and oil…

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FBNH, Oando Drag Nigerian Exchange Down by N84 billion The equities market capitalisation of the Nigerian Exchange (NGX) declined by more than N84 billion as investors exited positions in FBNH, Oando Plc, and others on the stock trading platform. Investors continue to take profit despite the reduced inflation temperature that had prompted yield repricing in the fixed income market. Stockbroker reported that key performance indicator was lowered by 0.15% with sustained selloffs in Oando Plc, FBN Holdings and Dangote Sugar Refinery shares among other decliners.  Consequently, the All-Share Index fell by 148.46 basis points to close at 97,100.36.  The bearish…

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