- Import Duty Exemptions Hit N34trn in 2025 – Customs
- South Africa Rand Firmer on Broad-Based US Dollar Weakness
- Oil Prices Surge on Renewed Energy Crisis, Brent Nears $85
- Nigerian Bonds Face Sell Pressure Ahead of Inflation Data
- Fixed Income Investors Boost Treasury Bills Holdings, Yields Ease
- Naira Trades Sideways Against USD as FX Pressure Tempers
- XRP Price Dives Ahead of July 17 U.S. House CLARITY Hearing
- Equities Investors Lose N1.3trn as NGX Bears Strike Again
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.
Nigeria Labour Congress has called for a review of civil servants’ retirement age and years of service in the entire public service
The President of the Dangote Group, Mr Aliko Dangote, has urged African countries to dismantle all barriers
Visa, a leading digital payments company, has unveiled the 2023 edition of the Visa Everywhere Initiative (VEI)
BUA Foods Profit Jumps 77% in Q1 BUA Foods Plc bolstered its profit performance in the first quarter of 2023 despite uncertainties in the economy. The food producer reported more than 77% post-tax profit in the period compared with the amount delivered in the comparable period in 2022. Though 2023 started on a negative note with myriads of macroeconomic uncertainties spooked by the scarcity of naira, the company lived above margin dilutive challenges. Details from BUA Foods Plc’s unaudited first quarter financial statement show an outstanding growth in revenue. The company reported its sales grew from N90.07 billion in the…
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.