- 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.
Equities Market Rebounds amidst Renew Bullish Activity. The Nigerian Stock Exchange rebounds amidst renewed bullish activities. This is coming just as the Bureau of Statistic data shows inflation rate increase to 12.40% in May.
Battle for Supremacy: BUA, Dangote ‘Duel’ over Mining Lease. Battle for supremacy between two largest Cement companies is purely business and protection of self-interest taken to the peak, sentiment aside.
Nigeria’s Headline Inflation Rate Rises to 12.40%. The Nigerian Bureau of Statistics (NBS) recent data shows that the consumer price index (CPI) which measures inflation increased by 12.40 % year-on-year in May 2020.
2020 Budget: Debt Service Cost Includes Capital Repayment, Interest – FG. The Federal Government has said debt service provision in the 2020 budget includes capital repayment, interest obligations and other charges.
African Development Bank joins Nasdaq Sustainable Bond Network. African Development Bank (AfDB), has been included in the issuer of social bonds, the Nasdaq Sustainable Bond Network (NSBN). The AfDB’s Communications and External Relations Department made this known in a statement on Wednesday.
Nigeria Records Highest COVID-19 Deaths, says NCDC. The coronavirus pandemic has dealt a heavy blow on Nigerians families as the nation’s recorded highest fatality rate, first time since the outbreak.
Fitch Ratings Estimates 31% Debt to GDP for Nigeria. Fitch Ratings has projected 30.7% debt to gross domestic product (GDP) for Nigeria in 2020, the data is contained in a special report on Sub-Saharan Africa.
PMA: Demand for Low-risk Investment Options to Fuel Subscription. Analysts have said that increasing demand for low-risk investments option would support demand at the Federal Government bond auction on Wednesday.
Nigeria Records Improvement in U.S Fiscal Transparency Index. The United States has classified Nigeria among 14 countries that made “significant progress” towards meeting its minimum fiscal transparency requirements in 2019
IFC Invests $100 million in Zenith Bank to Support SMEs. The International Finance Company (IFC), a member of the World Bank Group, today announced an investment of up to $100 million in Nigeria’s Zenith Bank Plc.