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 Rises by 6% as CBN Sells $24m in FX Market

MarketNews

Naira Rises by 6% as CBN Sells $24m in FX Market The Nigerian naira exchange rate recorded a large daily appreciation in the forex market as the apex bank intervened in the currency market by selling the US dollars below the official spot rate to authorised dealers. According to FX data from the FMDQ platform, the naira closed at ₦1,500.32 per US dollar, appreciating by 6.05% from the previous close. The Central Bank of Nigeria (CBN) conducted forex market intervention sales on Monday, selling $24 million at a range of N1,495- N1,510 to local deposit money banks and others to…

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Equities Investors See N17bn Gain as Banking Index Rally

Uncategorized

Equities Investors See N17bn Gain as Banking Index Rally Equities investors trading highs and lows on the Nigerian Exchange (NGX) saw a N17 billion gain on Monday as investors picked interest in Bankng stock, which pushed the index higher in anticipation of the second quarter of 2024 earnings release. The gain lifted market capitalisation to N56.945 trillion from N56.928 trillion recorded on Friday. The all-share index inched up by a marginal 3 basis points to close at 100,568.60 points due to investors’ demand for stocks like ZENITHBANK (+1.35%), JBERGER (+5.71%), and ETI (+1.85%), which outweighed selloffs in UCAP (-4.07%) and…

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Lokpobiri Reconciles Dangote, NNPCL, Others over Diesel Quality Fracas

News

Lokpobiri Reconciles Dangote, NNPCL, Others over Diesel Quality Fracas Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), has convened a high-level meeting with key stakeholders in the oil sector to resolve issues surrounding the Dangote Refinery. This is contained in a statement by Nneamaka Okafor, the Special Adviser to the Minister on Media and Communications. The meeting, which was held on Monday in Abuja, had in attendance Alhaji Aliko Dangote, Chairman and CEO, Dangote Group, and Mr Farouk Ahmed, Authority Chief Executive, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Others are Mr Gbenga Komolafe, Commission Chief Executive, Nigerian…

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