- Dangote Cement Withdraws from London Stock Exchange Listing
- NCDMB, NLNG Commit US$9m to Endowment of Professorial Research Chairs in 6 Universities
- CBN Sells N3.85trn in OMO Bills as Investors Bid N4.07trn
- US, European Indexes Edge Higher on AI Stocks Momentum
- Evaluating Digital Asset Utility: Inside the Canadian Bitcoin Casino Ecosystem
- Nvidia Share Price Falls Amidst CEO Jensen Huang Scandal, Probe
- Money Market Rates Steady as Excess Liquidity Drops to N6trn
- Oil Prices Drop on Improved Supply Outlook, Brent Falls to $91
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.
VFD Group to Raise N30bn, Divests interest in Abbey Mortgage VFD Group has revealed a plan to raise N30 billion from the capital market, subject to its shareholders approval at the annual general meeting. In a regulatory filing, the company notified the Nigerian Exchange that at the meeting of the Board of Directors, members approved the creation of a Capital Market Holding Group, Anchoria Capital Group Limited. . According to the company, the proposal is subject to relevant regulatory approvals. Management said the new capital market holding group will hold its shares currently held in Anchoria Asset Management Limited, Anchoria…
Interest Rate on 1-Year OMO Bill Drops by 10bps The interest rate offered on one-year open market operations (OMO bills) crashed during the monetary authority’s primary market auction yesterday. With periodic or intermittent rate repricing across tenors, the apex bank has been offering higher rates, particularly on one-year bills. According to auction results, spot rate on one year bills declined by 10 basis points from 22.43% to 22.33% due to large bids received at the auction. At the OMO auction, the Central Bank of Nigeria (CBN) offered N500 billion across all maturities, according to traders. Demand at the auction was…
The naira depreciated further on Tuesday over persistent US dollar demand surge by eligible participants at the Nigerian autonomous foreign exchange market.
Sahara Group has announced a series of strategic appointments aimed at advancing the expansion of the group’s downstream business in Africa.
The equities market capitalisation of the Nigerian Exchange (NGX) dipped by more than N69 billion on Tuesday as investors began fresh profit taking in the local
Nigeria’s cement companies are expected to see better growth performance in 2024 as government ramp up capital projects spending. The first three months of the
Alpha Mead Facilities & Management Services Limited has registered N5 billion commercial paper programme on FMDQ platform, according to an official statement.
The International Air Transport Association (IATA), Emirates, and Airbus have joined forces to deliver a Competency-Based Training and Assessment (CBTA)
Ademola Olajire, Director of Communications, Nigeria Football Federation (NFF), on Tuesday confirmed that the stranded Super Eagles players in Lagos and
GCR Ratings (GCR) affirmed the national scale long-term and short-term issuer ratings of AA+ (NG) and A1+ (NG) respectively accorded to Dangote Industries