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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.
NGX Loses N85bn as Investors Take Quick Profit The Nigerian Exchange, NGX, lost about N85 billion on Thursday as equities investors continue to take quick profit from recently rallied stocks. The selloffs that started early in the morning during the trading session persisted, causing key performance indicators to dip by 0.15%. The bearish session came in contrast to capital appreciation in the market yesterday. Consequently, the Nigerian Exchange All Share Index nosedived by 12 basis points, while the year-to-date return moderated. Stockbrokers said in their market updates that major driver of bearish outing was profit-taking in the Banking and Consumer…
Airtel Africa has announced that it will use a foreign exchange rate of N1,485.99 per US dollar to determine the amount payable to its local shareholders in
The Kano Area Command of the Nigeria Customs Service (NCS), said it generated a total of N50.7 billion in May as revenue.
Oil prices rebound over improved demand outlook for crude in the global commodity market. Also, there is growing expectations that the US Federal Reserve
The average yield on Nigerian Treasury bills edged higher by 36 basis points on Wednesday in the secondary market as investors dumped naira denominated assets
A French firm, SEMMARIS-Rungis International Market, has indicated interest to support the establishment of an international wholesale agribusiness market
Fidelity Bank Plc says it has concluded plans to raise N127.1 billion by way of rights issue priced at N9.75 to existing shareholders and a public offer at N9.75, which is a combined subscription
The MTN Foundation announced on Wednesday the opening of its 2024 Scholarship Program, dedicated to aiding Nigerian students in their academic pursuits. The Executive Director, MTN Foundation, Ms Odunayo Sanya, said in a statement that the scholarship offered support through three specialised scholarships; the first two categories being students in Science, Technology and Mathematics (STEM) and blind students.
No fewer than 81,000 residents of Ondo State are to benefit from the Federal Government’s Cash Transfer programme. Mrs Tosin Olupona, Manager, Ondo Cash Transfer, Office of Public and Intergovernmental Relations, made this known on Wednesday in Akure during a training programme for local government cash facilitators.
The naira exchange rate skidded in the forex market following Fitch Ratings bearish estimate that the local currency would close the year at N1450 in Dec. 2024.