Author: Marketforces Africa

In today’s volatile economic climate, saving money is no longer just a prudent habit—it is a strategic necessity.  The constantly rising cost of living, inflationary pressures, and currency fluctuations have redefined what it means to be financially secure. The difference now lies not in whether people save, but in how they save.

The Federal Workers Forum (FWF) has rejected the proposed N100,000 national minimum wage, describing it as inadequate and incapable of addressing prevailing economic realities facing Nigerian workers.

The Nigeria Employers’ Consultative Association (NECA) says businesses across the country are yet to fully experience the expected benefits of the Federal Government’s ongoing economic reforms.

Solana (SOLUSD) climbed 1.01% to $82.94, slightly outperforming a modestly rising broader market, primarily driven by relative strength amid capital rotation and steady institutional interest.

Africa’s growth story over the past two decades is real, but it is not yet transformative. Across the continent, GDP has risen on the back of more workers, more capital and a commodity super-cycle, rather than through genuine gains in productivity and innovation.

Ghana Ratings Affirmed At ‘B-/B’; Outlook Remains Stable -S&P S&P Global Ratings has affirmed its ‘B-/B’ long- and short-term foreign and local currency sovereign credit ratings on Ghana, with a stable outlook. The global ratings agency also affirmed its ‘B-‘ transfer and convertibility assessment on Ghana, according to details from the latest update. In the rating note, S&P said the stable outlook balances the potential for stronger balance-of-payments performance and improvements in Ghana’s fiscal outcomes as a result of ongoing fiscal reforms, against still-high debt service costs, reform implementation risks, and Ghana’s sensitivity to terms of trade, such as gold,…

Dangote Refinery Cautions Stakeholders on IPO Speculation Dangote Petroleum Refinery and Petrochemicals has noted with concern the recent circulation of unauthorised information across various media and social platforms regarding a potential Initial Public Offering (IPO). DPRP further notes that several online platforms and unofficial sources have published unverified, and in some instances inaccurate, information relating to a potential offering. Such reports do not originate from DPRP and should be treated with caution. Dangote said all official updates regarding any potential transaction will be communicated strictly through DPRP’s formal public disclosures and announcements issued by its appointed advisers, in line with…

With a slight decline in the overnight lending rate, excess liquidity in the banking system increased to nearly N9 trillion as financial institutions continue to park funds at the Apex Bank Standing Deposit Facility (SDF).

Tinubu Resolute to Reform, Strengthen Power Sector – Shettima Vice-President Kashim Shettima has reiterated the determination of President Bola Tinubu’s administration to reform and strengthen the nation’s power sector. Shettima spoke on Thursday in Abuja during the inauguration of the new head office of the Nigerian Electricity Liability Management Company (NELMCO). The vice president noted that while the promise of every nation rested on its abundance, Nigeria could not afford to gamble with energy security. He said the inauguration of the edifice symbolised a new phase of modernisation, efficiency, and forward-thinking leadership. “This administration remains resolute in its commitment to…

Ripple, the leading provider of blockchain-based enterprise solutions across traditional and digital finance, has announced its participation in BLOOM, an initiative by the Monetary Authority of Singapore (MAS).