Author: Marketforces Africa

In a reaction to the recent announcement by the Central Bank Nigeria (CBN)

In January 2021, supply of government fixed income securities has been projected to rise

Trade settled flat at the Nigerian Treasury Bills (NTB) market amid record-low yields, as investors wait on the sidelines in anticipation of Central Bank of Nigeria’s Special Bills.

The Federal Inland Revenue Service (FIRS) says the window of opportunity for waivers of penalties

The Senate on Wednesday passed for second reading the “Finance Bill” aimed at reforming extant fiscal policies for economic growth.

Sell Pressure in Bellwethers Drags Equities Market Performance Sell pressure witnessed in bellwethers drags the equities segment of the Nigerian Stock Exchange (NSE) back from uptrend trajectory reported in the previous days. Specifically noted was sell-offs in NIGERIAN BREWERIES (-7.1%), GUARANTY (-2.6%), ZENITH (-1.6%) that pullback benchmark index lower by 26bps to 35,056.82 points. Consequently, investors lost ₦42.0bn as market capitalisation fell to ₦18.3 trillion while year to date return moderated to 30.6%. Then, tt was also observed that activity level waned as volume and value traded rose 19.7% and 61.4% to 369.0m units and ₦5.5bn respectively. Meanwhile, market data…

Sterling Bank lending platform, Specta, has created a digital credit solution known as “PayWithSpecta”.

Executive Director, Group Risk, Compliance and Technology at VFD Group Plc, Gbenga Omolokun

Nigerian banks impair loan ratios could head towards low double digits in 2021, Fitch Ratings said .

The Central Bank of Nigeria (CBN) has approved the release of excess above minimum