Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
Royal Exchange Plc. Appoints Osakwe Board Chairman Royal Exchange Plc has appointed Mr Ikeme Osakwe as its new Chairman in a move aimed at strengthening leadership and accelerating the company’s ongoing repositioning strategy. The company announced the appointment in separate notifications to the Nigerian Exchange Ltd. (NGX) and the Securities and Exchange Commission (SEC) on Saturday. Osakwe’s appointment follows the retirement of the former Chairman, Mr Kenny Ezenweani Odogwu, which took effect the same day. With the change, the board of Royal Exchange Plc now comprises Osakwe as Chairman; Chief Anthony Idigbe, a lawyer; Sen. Sanusi Mohammed Daggash; Mr Ezekiel…
Africa Import-Export Bank (Afreximbank) ends its relationship with Fitch, saying the rating process misunderstands its mandate, treaty protections, and pan-African mission.
Bain Capital Specialty Finance, Inc. (NYSE: BCSF) has announced that it has priced an offering of $350 million aggregate principal amount of 5.950% senior notes due 2031.
The Joint Admissions and Matriculation Board (JAMB) on Saturday says it has screened a total of 924 Computer-Based Test (CBT) centres across the country, ahead of the 2026 Unified Tertiary Matriculation Examination (UTME).
Developed market (DM) general government debt will increase by another USD4.4 trillion this year to USD75.5 trillion or 105% of GDP by the end of 2026, reflecting continued large budget deficits, Fitch Ratings says in its quarterly Developed Market Sovereigns Debt Sustainability Monitor.
President Bola Tinubu has approved the gazetting of targeted, investment-linked incentives to support Shell’s proposed Bonga South-West deep-offshore oil project.
Nigeria to Achieve 2026 Growth Outlook with Reforms – LCCI Amid global uncertainties, the Lagos Chamber of Commerce and Industry (LCCI), says Nigeria can meet 2026 growth projections through coordinated reforms, stronger institutions, and deeper private-sector-driven economic expansion nationwide growth. The President, LCCI, Mr Leye Kupoluyi, said this on Thursday in Lagos at the chamber’s 2026 first quarter news conference. Kupoluyi said that Nigeria must effectively leverage the opportunities presented by the global environment to exceed projected growth in 2026. He noted that in 2025, the global economy demonstrated unexpected resilience amidst significant and persistent headwinds. He said that overall,…
The Economic and Financial Crimes Commission (EFCC) has indicted a new generation bank, six Fintechs and microfinance banks in major financial scams by allowing fraudsters to launder huge sums of money.
The U.S. credit outlook is broadly benign entering 2026, supported by AI-led capex, easing monetary policy and strong fiscal support, says Fitch Ratings.
FCCPC Begins Clampdown on Digital Money Lenders The Federal Competition and Consumer Protection Commission (FCCPC) has begun enforcement measures to clamp down on Digital Money Lending (DML) operators for failing to regularise their dealing with the commission. The Director of Corporate Affairs, FCCPC, Mr Ondaje Ijagwu, in a circular on Wednesday in Abuja, said that the commission had removed such operators from its list of approved digital lenders. Ijagwu said the deadline for the operators to regularise their dealings ended on Jan. 5. Ondaje said the regularisation was in accordance with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations,…