- 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.
Bond Auction: DMO Reduces Total Borrowing Plan for Q3:2020. The Debt Management Office, DMO, has indicated plan to lower borrowing target for the third quarter, (Q3:2020) as reflected in its bond auction calendar.
Nigeria’s Inflation Rate for June Spikes to 12.56%. Nigeria’s inflation rate for June rises to 12.56%, the National Bureau of Statistics, NBS, has revealed in its June report.
NDIC Seeks Collaboration with CBN in Banks Licensing. The Nigeria Deposit Insurance Corporation (NDIC) has emphasized the need for the corporation to be involved in the process of licensing banks in collaboration with the Central Bank of Nigeria (CBN).
Jaiz Bank to pay maiden dividend of ₦884mn to shareholders. Shareholders of Jaiz Bank Plc are to receive a total of ₦884 million dividend payment subjected to appropriate withholding tax.
Oil Prices Ease as OPEC, Allies Agree to Scale Back Production Cut. Oil prices eased on Thursday after the Organisation for Petroleum Exporting Countries (OPEC) and allies, such as Russia, agreed to taper record supply curbs from August.
643 new cases lift Nigeria’s COVID-19 total infections to 34,259. The Nigeria Centre for Disease Control (NCDC) has announced 643 new COVID-19 cases in the country as total infections from the virus rise to 34,259. The NCDC disclosed this on its official twitter handle on Wednesday.
MTN Nigeria to Run Limited Trial of e-sim Technology. MTN Nigeria has said it will start to run limited e-SIM technology on its platform, which the company says it is first of its kind in West Africa.
Bargain Hunting Increases NSE Market Cap, Investors Gain ₦8.2bn. Bargain hunting lifted the Nigerian Stock Exchange market capitalisation as investors’ fortunes rise by ₦8.2 billion on Wednesday.
FirstBank: Empowering Staff; Driving Productivity against the Odds
Experts Estimate 39.2% Public Debt to GDP as Fiscal Deficit Rises. Nigeria’s federal fiscal deficit will widen from 4.2% of GDP in 2019 to 5.3% in 2020 before moderating slightly to 5.1% in 2021.