- Oil Prices Correction Extends as US-Iran Sign Interim Deal
- South African Rand Dips on Weak Macro Indicators, US Fed Tone
- Wall Street Dips, European Stocks Rally as U.S Fed Keeps Rates
- NNPC, TotalEnergies Renew Decarbonisation Agreement
- Jito Price Slumps 10% Ahead of JTX Platform Launch
- XRP Price Drops by 4.4% on U.S. Fed Hawkish Tone
- Naira Falls to N1,360 as Interbank FX Turnover Dips by 57%
- FirstHoldco, Access, Drown NGX Index, Investors Lose N758bn
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.
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.
Brent Crude Price Drops Ahead of OPEC Technical Meeting. Ahead of schedule meeting of the Oil cartel, the price of crude dropped this morning amidst fear of second wave of coronavirus in China.