- Seplat, FirstHoldco Boost Stock Market Cap, Investors Gain N1.38tn
- NAHCO’s Air France-KLM Mandate Opens Higher-Value Growth Chapter
- XRP Price Slumps by 5% on Fed Hawkish Comment Reactions
- FTSE Russell Upgrades Nigeria to Frontier Market Status
- GCR Upgrades Coronation Merchant Bank Ratings to BBB+/A2
- Alibaba Tokenized bStocks Dips by 2% on Thin Transactions
- Crude Oil Prices Decline as Supply Outlook Improves
- Huge Funds Chase Nigerian OMO Bills in Search for 21% True Yield
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.
Access Bank to Charge Customers for Accrued Stamp Duty. Access Bank Plc said it will need its customers accumulated stamp duty on transactions value at #10,000 and above between February 1 and April 30.
COVID-19 Infection Hits 19,808 as NCDC records 667 New Cases
‘FX Scarcity, Supply Chain Disruption Support Rising Inflation’. Analysts have explained the trend behind rising headline inflation rate to include scarcity of foreign exchange, disruption in supply chain among other reasons.
FX Market: Naira Depreciates Against Dollar at IEW. The local currency, Naira, depreciated against the United States dollar (USD) at Investors and Exporters Window (IEW) this week.
Credits to Private Sector Increase to ₦28.67 Trillion. Credits to private sector increased by 1.51% to ₦28.67 trillion in the month of April, Cowry Asset Management Limited stated in a financial market review note.
‘8 Years Ago, I Got Fired as President and Co-Founder’. American Entrepreneur and former President at Udemy, Gagan Biyani tells his story on startup issues and leadership on twitter. Here are what he said: “8 years ago, I got fired as President and co-founder of @Udemy, a now-$2 billion unicorn”, he tweeted.
COVID-19 Infection Rises to 18,480 as NCDC Records 745 New Cases. Amidst gradual easing of the economic lockdown, Nigeria has recorded 745 new cases of COVID-19, bringing the total number of infections in the country to 18,480.
Compensation Plans for Oil Cut: OPEC+ sets Deadline for Nigeria, Others. For failure to comply fully with oil output cut, the Organisation of Petroleum Exporting Countries (OPEC+) has set June 22 as deadline for non-compliant member on the oil output cut to submit their compensation plans.
GSK: Analysts Upgrade Stock as Earnings Swing Despite Revenues Drop. GlaxoSmithKline Consumer Nigeria Plc (GSK) topline came weak, though the pharmaceutical company’s profit improves in the first quarter of 2020.
₦440 million Debt: AMCON Takes Over Doggi Group Limited. The Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Alhaji Umaru Baba Abdullahi, the Chief Promoter of Doggi Group Limited over an indebtedness of over ₦440 million.