- CBN Raises N3.8trn in OMO Bills Sales to Banks, FPIs
- Naira Opens Weak, Foreign Investors Drive $0.93bn FX Inflows
- South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment
- Global Equities Markets Rally on AI Momentum, SpaceX IPO Debut
- Anthropic Restricts Access to Fable, Mythos 5 AI Models after US Order
- Fitch Affirms China at ‘A’ With Stable Outlook
- Oil Prices Tumble by 5% as Iran Opens Strait of Hormuz
- XRP Gains 4% as Ripple Sets $1bn Income Target for 2026
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.
Sell-offs in blue chips knock off ₦104.2bn in stock market. The Nigerian Stock Exchange closed in red with investors’ fortune washed off in billions as coronavirus cases keeps running riot.
Coronavirus paralyses Instant loans vendors’ activities despite increase demand. On the back of rising cases of coronavirus, Nigeria’s households that have been patronizing instant credits vendors are being disappointed as operators lower their appetite for lending.
Experts estimate $15.4bn revenues miss for Nigeria amid COVID-19, Oil prices plunge
Stock market records 20.65% negative return in first quarter
Lockdown: Prudential Zenith Life Insurance introduces new services to help customers. Prudential Zenith Life Insurance says it has introduced range of services to help its customers cope with the lockdown.
COVID 19: FBN donates ₦1 billion, reiterates commitment to safety of Nigerians. FirstBank has announced its donation of the sum of N1 billion towards the joint effort by the Nigerian Private Sector Coalition against COVID-19 to rapidly expand the health facilities.
COVID-19: Banks stop clearing cheques on CBN directive
CBN, Banks, NIBBS others open for business during COVID-19 Lockdown. The Central Bank of Nigeria (CBN) says the apex bank and other financial institutions will open for business in spite the two weeks lockdown declared by President Muhammadu Buhari in Abuja, Lagos and Ogun states.
Equity market cap drops to ₦11.11 trillion amidst COVID-19 fear. Today, the domestic equities market declined 243bps to 21,330.79 points following sell-offs in MTNN (-10.0%), ZENITH (-5.2%) and GUARANTY (-3.0%).
COVID-19: Economist Tasks FG on price control, says this is bad time to print money. Due to rising cases of coronavirus and activities lockdown, an economist has said that Federal Government, FG, shoulder consider price control measure to reduce burden on the citizens.