Author: Marketforces Africa

Operating efficiency Buoys Lafarge WAPCO Earnings

Foreign Exchange Liquidity Remains Weak as CBN Plays Ostrich

CAC to deliver e-services to customers from August 10

Nigeria’s Market Drives Airtel Africa’s Earnings Jumps in Q1

FirstBank Offers Support to SMEs in Education Sector. First Bank of Nigeria Limited has offered to give financial support to Small and Medium Enterprises (SMEs) in Education Sector to cushion the effects of the COVID -19 pandemic.

Analysts Task FG on Private Sector Funding for Capital Projects. Analysts at Cowry Asset Management Limited have advised the Federal Government to use private sector funding for its capital projects.

Interbank Funding Eased on Strong Financial System Liquidity. Interbank funding rates eased further yesterday, as financial system liquidity opened substantially higher at ₦609.1 billion from ₦470.4 billion.

FX: Oil Market Balance Raises Hope for Naira Stability – Afrinvest. Naira position in the foreign exchange market has drastically dropped, but Afrinvest has stated that there is hope for the local currency as oil market balances.

NCDC Confirms 604 new COVID-19 cases, Records 20 Deaths. Nigeria Centre for Disease and Control (NCDC), has confirmed 604 new cases of the coronavirus pandemic, with total number of infections rising to 38,344 in the country.

DiamondXtra season 12: Access Bank splashes N87.74m on 1,000 customers Access Bank Plc on Wednesday splashed N87.74 million on over 1,000 customers who emerged winners at the second quarterly draw of DiamondXtra Season 12 reward scheme. Mr Rob Giles, the bank’s Head, Retail Product Insight and Capabilities, said the winners emerged five categories. He said the categories were: Salary-4-Life, Rent Allowance for a year, N1million Business Grant, as well as the latest reward category and Family Health Insurance Cover for a year. “This savings scheme has been a success since its launch in 2008 and we intend to keep on…