Author: Marketforces Africa

Average yield rises a basis point as Nigerian Treasury bill market records mild sell-off

Reversal of the foreign exchange rate adjustment at the Investors & Exporters Window

The Nigerian stock market maintains uptrend on Thursday as investors gain N65.7 billion.

Three technologies giants Apple, Amazon and Microsoft accounted for more than 53% of Standard and Poor (S&P) 500 total gains recorded in 2020.

The implementation of the African Continental Free Trade Agreement (AfCFTA)

There is need to understand key changes made in the Nigeria’s Finance Act 2020

Access Bank Completes Acquisition of Cavmont Bank The board of Access Bank Plc on Wednesday announced complete acquisition of Cavmont Bank Ltd by its Zambian subsidiary, Access Bank (Zambia) Ltd. Mr Sunday Ekwochi, the Company Secretary at Access Bank group disclosed this in a statement submitted to the Nigerian Stock Exchange. Ekwochi said the acquisition was completed after the bank fulfilled the key conditions, including regulatory approvals. “The merger of Cavmont into Access Bank Zambia is expected to take place before the end of January. “Following which Access Bank Zambia will emerge as a stronger well-capitalised banking franchise with improved…

The First City Monument Bank (FCMB) has named Yemisi Edun as the Acting Managing Director of the bank in the interim, while Adam Nuru is on leave.

Nigerian Treasury Bill yield eased seven basis points (bps) on Wednesday to 0.37% amidst robust financial system liquidity.

The Federal Government revenue is expected to remain vulnerable to oil shock without intentional diversification efforts