Author: Marketforces Africa

The gilt-edged market records stable average rate on Treasury Bills as the Central Bank of Nigeria (CBN) set to hold ₦50.9 billion Primary Market Auction (PMA) Wednesday.

Reps. Ask NAICOM to Suspend Recapitalisation of Insurance Companies The House urged the National Insurance Commission (NAICOM) to suspend the proposed   Dec. 31, 2020 deadline for the first phase of the insurance companies recapitalisation. The House of Representatives has called for suspension of the proposed recapitalisation of insurance while noting the development in the economy. This followed a unanimous adoption of a motion by Rep. Benjamin Kalu (APC-Abia) at the plenary on Tuesday. Kalu said that the National Insurance Commission (NAICOM) was established by the National Insurance Commission Act 1997 as the primary regulator for the insurance sector. He said…

Nigerian banks’ asset quality is expected to weaken over the next 12 months-18 months, Fitch Ratings says in a new report

IFC, a member of the World Bank Group, in partnership with Kobo360

The Federal Government has agreed to slash the pump price of Premium Motor Spirit (PMS), known as petrol, by N5 from Monday next week.

Nigeria’s total trade grew by 34.15% in Q3, 2020 compared to Q2, 2020 but declined 8.85% compared to Q3 2019, according to data from the National Bureau of Statistics (NBS).

Afrinvest has said that ₦25 billion Edo State River Jamieson Special Purpose Vehicle series 1 bond issuance is now open.

The Ministry of Industry, Trade and Investment is collaborating with the World Bank

Yields on gilt edge instruments maintain uptrend in the fixed income market on Monday,

Following the Central Bank of Nigeria (CBN) policy re-direction, some currencies traders