- 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.
AXA Mansard: Analysts Bullish on Earnings, Upgrade Price Target. AXA Mansard Plc have been trading flat since first day in June on the floor of the Nigerian Stock Exchange. At the close of trading session yesterday, it share price was ₦1.85.
Wema Bank to Reopen Branches Nationwide – Official. Due to the Federal Government’s directive to ease the nationwide restrictions on movement and key businesses, Wema Bank Plc will reopen all its branches nationwide.
AfDB approves $288.5m for Nigeria COVID-19 Response Support Programme
The Board of Directors of the African Development Bank has approved 288.5 million dollars loan to help Nigeria tackle the COVID-19 pandemic and mitigate its impact on people and businesses.
OPEC+ set for talks on extending oil reduction deal. The Organisation of the Petroleum Exporting Countries (OPEC) and allied oil producers are scheduled to conduct negotiations on Saturday, Russia’s Energy Ministry and sources in Vienna said.
AfDB board authorises independent body to review ethics committee report. The Bureau of the Boards of Governors of the African Development Bank (AfDB) has authorised an independent review of the report of ethics committee of the boards of the Directors and submission made by Dr. Akinwumi Adesina, President of the bank.
Analysts Downgrade Dangote Sugar to Hold, Cite Pressure on Margin. In the first quarter (Q1) of 2020, Dangote Sugar Refinery Plc (DANGSUGAR) recorded an improved sales across regions. At the current price of ₦15 to a share, DANGSUGAR’s market capitalisation, the amount investors placed ₦180 billion on the company yesterday.
Nigeria records 350 new cases of COVID-19, totaling 11,516. The Nigeria Centre for Disease Control announced on Thursday that it recorded 350 new confirmed cases of COVID-19, bringing the total number in the country to 11,516.
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Jaiz Bank Bolsters Performance as Profit Spikes 193% to ₦2.4Bn. Jaiz bank Plc, a premier non-interest banking financial service operator has revved up its performance, and raised the bottom line.
Sterling Bank ‘Doubble’ Offers Investors 100% Returns – Official. Sterling Bank Plc says it’s offering a safe option for investments in its Doubble.Ng product to discerning investors seeking double-digit investment income.