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.
Royal Exchange: Selloffs Reduce Valuation by 47% in 4-Month Royal Exchange Plc has lost 47.2% of its market valuation in 2023, leading the Afrinvest top underperforming stocks record for April, 2023. In its rating record, Afrinvest revealed that the Insurance policy seller lost 28.2% of its market capitalisation in April alone. Its negative performance occurred despite stock market rallies that pushed major counters valuations upward before what some analyst call price correction that began in the first quarter. Losing out on both capital gain and dividend, investors that bet on the company would have its wealth broken by large capital…
Lafarge Profit Slumps 15% as Pioneer Status Incentives Expire Cement producer, Lafarge Africa Plc, posted a double digit decline in bottom line following economic uncertainties that underscore its first quarter of 2023 operations. A decline in its profitability was supported by the expiration of the company pioneer status incentives that pushed tax obligations higher in the period. Though profit slumped, the company’s cash flow improved significantly in the period, up from more than N5 billion debit to about N4.66 billion at the end of the first quarter in 2023. Its chief executive said in a statement that 2023 election and…
The Nigerian Exchange (NGX) market capitalisation declined by one trillion naira in the month of April
Zenith Bank Plc.’s gross earnings spiked by 41% year on year in the first quarter of 2023
Sudan: FG says AirPeace, NAF Begins Evacuation of Stranded Nigerians The Federal Government on Friday said the Nigeria Airforce (NAF C-130H) plane and Airpeace plane have been cleared to fly Egyptian airspace for the evacuation of Nigerians stranded in Sudan. This followed the outbreak of war between the Sudanese armed forces and para-military Rapid Support Forces. The government confirmed this in a joint press statement issued to newsmen by the Permanent Secretaries of the Ministry of Foreign Affairs, Amb. Janet Olisa, and that of Humanitarian Affairs, Dr Sani Gwarzo in Abuja. ”The NAF C-130H is scheduled to leave Abuja on…
The Transmission Company of Nigeria (TCN) has announced the suspension of three electricity distribution companies for by the Market Operator (MO) for breach of market rules.
The equities segment of the Nigerian Exchange (NGX) recorded about N521 billion in gains in the local bourse
Buhari Approves Postponement of 2023 Census President Muhammadu Buhari has approved the postponement of the 2023 National Population and Housing Census earlier scheduled for between May 3 and May 7. The Minister of Information and Culture, Alhaji Lai Mohammed, in Abuja that the exercise was postponed to a date to be determined by the incoming administration. In a statement he personally signed, the minister said the president approved the postponement of the exercise after meeting with some members of the Federal Executive Council and the Chairman of the National Population Commission and his team. The minister, who doubles as the…
The Organisation of the Petroleum Exporting Countries (OPEC) has called on the International Energy Agency
In the money market short-term benchmark rates, repo and overnight lending rates decline Thursday