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.

Money Market Rates Surge as Market Price in Policy Action Money market rates spiked despite improved liquidity in the financial system on Wednesday. The system’s liquidity improved to a positive balance, AIICO Capital Limited told investors in an emailed note. However, there was an outflow of N225.72 billion for the July 2024 FGN bond auction which depressed system liquidity. Analysts had predicted that the money market rates would rise due to the latest benchmark rate hike. FMDQ data showed that the overnight Nigerian Interbank Offered Rate increased by 624 basis points to 35.13% reflecting a touch of pressure on the…

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Transcorp Power Grows Profit by 233%, Declares Interim Dividend Transcorp Power Plc grew its profit after tax by 233% to N32.77 billion in the first half of 2024 from N11.043 billion in the comparable period in 2023, following a sharp revenue growth, details from its regulatory filing on the Nigerian Exchange (NGX) showed. Due to improved business activities, Transcorp Power’s revenue from contracts with its customers grew by 142% year on year, from N55.9 billion in the first half of 2023 to N135.4 billion 12 months later. IThe power generation company’s revenue breakdown revealed a sharp increase in income from…

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