- 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.
NSE Depreciates ₦62.6bn as Large Cap Stocks Dominate Losers Chart. Bear returns pulled back the Nigerian Stock Exchange key indicators as profit taking reversed yesterday’s rally.
Staggering Demand for BUA Cement Bolsters Q1 2020 Earnings. BUA Cement Plc bolstered earnings performance on the back of 20% year on year growth in volumes, from 1.1 metric tons (MT) to 1.3 MT.
Investment: Are You Planning to Buy Treasury Bills? If you are risk averse, investing in Treasury Bills will match your profile. It is very unlikely to lose your investment. Meanwhile, the income from investing in T-Bills is tax free, so interest received is not subject to withholding tax.
Gains in BUACEMENT, DANSUGAR, UBA Strengthen Market Performance
The Nigerian Stock Exchange performance rose after the trading session yesterday due to capital appreciation in large cap stocks.
FSDH Bullish on Top Names in FMCG, Banking, Telecom Sectors. Analysts at FSDH is showing love to top names in the banking, FMCG and Telecommunication sectors in addition to United Africa Company of Nigeria (UACN) Plc in its top stocks pick.
Nigeria Fail to Comply With Oil Production Cut in May. Nigeria failed to fully comply with oil production cut as required by the Oil carter in an effort to stabilise global crude oil prices.
Africa’s COVID-19 Cases Rise to 187,800 amid Lockdown Easing. As the global economy is opening up gradually, numbers of coronavirus cases is expanding, Africa share is surging along with rising cases in developed economies.
Primary Market Auction: Analysts Expect CBN to Keep Rates Depress. Analysts at Meristem Securities have said that due to the recent policy rate cut, the firm is expecting the Central Bank of Nigeria to keep rates depress across market.
₦150 Billion FGN Bonds to Open for Subscription June 17. Investors with interest in fixed interest income financial instrument can buy the Federal Government 5-year Bond at 12.75%.
FMDQ admits Dangote Cement’s ₦100 billion Commercial Paper. FMDQ Securities Exchange Limited on Tuesday announced the admission of Dangote Cement ₦100 billion Commercial Paper (CP) on its platform.