Author: Marketforces Africa

Plunge Yields: Investors Will Continue to Discount Inflation Data…

GTB Shares Rated Buy Despite Worsen Credit Condition of Obligors…

BUA, WAPCO and Dangote Cement battle for increase market share

Following the order of Honourable Justice M.S. Hassan of the Federal High Court, Lagos division, the Asset Management Corporation of Nigeria

Price Instability: CBN Projects 14.15% Inflation Rate for 2020. The Central Bank of Nigeria (CBN) said it is expecting inflation rate to hover around 13.97% and 14.15% by December 2020, a wide gap from its single-digit inflation targeting of 6% to 9%.

Neither Buy, nor Sell Stanbic IBTC Share, Analysts Advised Investors. Stanbic IBTC Holdings Plc posted an impressive first half of 2020 result underpinned by double-digit growth in the bottom line amidst economic challenges worsen by COVID-19 pandemic.

Naira Depreciates Despite Foreign Exchange Sales Resumption. Against expectation, the Nigerian local currency, naira, depreciates despite the resumption of the apex bank weekly intervention foreign currency (FX) sales.

Sustained Bullish Outing Lifts NSE Cap to ₦13.35 trillion. Sustained bullish activities reflated the performance of the Nigerian equities market amidst various economic challenges. 

Nigeria’s Public Debt Profile Escalates to ₦31trn in June, 2020. Nigeria’s total public debt expanded to N31 trillion in the first half of 2020 amidst growing concerns in the economy about attendance cost of servicing the obligation and its sustainability.

Brent Crude Drops to $38.99/Barrel amidst Rising Stockpiles…