- 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.
COVID-19: UBA, Transcorp cancel AGM United Bank for Africa (UBA) and Transcorp Plc have announced the cancellation of their 2019 Annual General Meetings (AGMs) to prevent the spread of COVID-19. The companies stated this in a release submitted on the Nigerian Stock Exchange (NSE) website. The two listed companies bowed to public demand for social distancing as cases of coronavirus continue to rise in the country. UBA’s had scheduled its 58th AGM for March 27, at the Eko Hotels & Suites, Victoria Island, Lagos, while Transcorp was supposed to hold on March 25. “The Board of Directors of United Bank…
Cedar advisory to buyout 39.62% of Union Diagnostic shares
CBN plays soft on devaluation, says it is adjustment of price. The Central Bank of Nigeria has clarified that it did not devalued the local currency, Naira.
GTBank introduces free instant payment cash transfer. Guaranty Trust Bank Plc has introduced free instant payment cash transfer for its customers.
Nigeria’s Bank of Industry raises €1bn from international capital market. The Bank of Industry (BOI) says it has raised €1 billion from the international capital market.
CBN technically devalues Naira, sets rate at ₦380 per dollar. The Central Bank of Nigeria sold naira at ₦380 per dollar to deposits money banks on Friday, the move that analysts said that may end multi-tiered exchange rate regime.
Zenith, MTN Nigeria partner on mobile insurance service. Zenith General Insurance Company Limited has partnered with Telecommunications giant – MTN Nigeria to provide the first ever mobile insurance service in Nigeria.
Equity market sinks to ₦11.505 trillion amid COVID-19 Bouts. As Nigerians are becoming apprehensive following an increase in reported cases of COVID-19, the performance of equity market today plunged as year to date losses widen.
EFG Hermes bolster earnings, expands presence in Nigeria
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM)
NSE: Year to date losses widen to 16% as investors fortunes plunge. Whirlwind of sell-offs has persisted on the Nigerian Stock Exchange, thus widen year to date losses to 16% on Tuesday.