- NEAR Protocol Dips 10% Over Alleged Stolen Patented Technology
- XRP Seeks Catalyst to Halt Downtrend, Breaks Below $1.30
- Bitcoin Drops to $80.5k on Spot ETFS Outflows, AI Stocks Rout
- Naira Touches N1,395 to US Dollar as FX Order Book Surges
- Nigeria’s Gas Reserves Rise 3% to 215.29 Trillion Cubic Feet
- Oil Prices Edge Higher, Brent Rises 5% Week-on-Week to $115
- FirstHoldco Soars on Earnings Beat, Otedola, RC Hold 50% of All Shares
- XRP Upside Rises to 35% as Ledger Upgrade Delayed to Nov.
Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
Nigeria’s Compliance with OPEC Rules to Widen Trade Gap –Analysts. Compliance with the Organisation of the Petroleum Exporting Countries (OPEC) would widen trade gap, analysts at Vetiva Capital Management Limited has noted.
Big Banks’ Profits Rise 4% in H1:2020 Earnings Season. With stronger than expected first half 2020 profitability records, the Nigeria’s bulge bracket balance sheet deposit money banks earnings performance defied COVID-19 to show strengths.
Income tax: FIRS inaugurates online portal for financial institutions. The Federal Inland Revenue Service (FIRS) says it has inaugurated a new Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system for the use of financial institutions in the country.
Brent Crude fell to $43.63, Sets for Biggest Drop Since June…
Vision 20:2020: FG to Produce National Development Plans. As vision 20:2020 plan is set to wind up in December 31, 2020, Federal Government has said it is committed to producing national development plans for the country.
Trade Deficit Reflects Depth of Nigeria’s FX Issues – Cardinalstone. Cardinalstone Partner, a leading investment banking firm headquartered in Lagos has said that trade deficits recorded in the second quarter of 2020 underscores depth of Nigeria’s foreign exchange (FX) issues.
Sterling Bank’s summit to revolutionise agribusiness in Nigeria, Africa –Official
Anxiety as Capital Inflow drops 79% to $1.29bn in Q2
Unorthodox Monetary Policies Proving Costly for Nigeria –Meristem
Nigeria Records Third Consecutive Quarter of Negative Trade Balance Nigeria has recorded a third consecutive of negative trade balance with the second quarter deficit position at N1.80 trillion. According to a recent trade report by the National Bureau of Statistics, the value of Nigeria’s merchandise trade dropped to N6.242 trillion in the second quarter (Q2) of 2020. NBS said decline indicates a sharp drop of 27.30% when compared to Q1, 2020 and 27.46% compared to Q2, 2019. According to NBS data, the value of total trade year to date amounted to N14.829 trillion, indicating a drop of 11.96% compared to…