Author: Marketforces Africa

How to Start Sports Betting Business in Nigeria. Sport betting is now a multi-billion naira business in Nigeria at the moment and the industry.

Bonds: Yields across Benchmark Tenors Drop as Inflation hits 28-month high

FX: Parallel Market Rate Hits Resistance Level – Analysts

Stock Market Opens Negative amid Rising Headline Inflation Rate

Nigeria’s Inflation Rate for July Hits 12.82%, says NBS

NASCON: Sustained Border Closure Support Earnings, Market Share

Interbank rates to moderate as ₦181bn worth of TBills matures. Analysts have projected that interbank rates will as huge amount from maturing Treasury Bills is set to hit the financial system this week.

Growth: Experts Task FG on Private Sector Driven Economic Policies. To strengthen the nation’s economic growth trajectory, experts have asked the Federal Government to development private sector driven policies and create enable business environment for local businesses to thrive.

ARM Securities Bullish on Bulge Balance Sheet Banking Stocks. Equity analysts at Asset and Resources Management (ARM) Securities have remained bullish on bulge balance sheet banks as analysts rated their stock strong buy.

‘Unemployment Rate Data Downplays Labour Market Condition’ Afrinvest, a leading investment firm headquartered in Lagos has said it discovered that underlying numbers suggest that the labour market is in a worse state than the headline unemployment rate would suggest. Last week, the Nigerian Bureau of Statistics (NBS) published second quarter (Q2) 2020 labour statistics, which happened to the first report since third quarter (Q3) 2018. In a macroeconomic note, Afrinvest said as expected, the numbers are grim as unemployment rate climbed to 27.1%. Afrinvest said the abridged nature of the report raises a lot of questions about the changes the…