- 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.
How foreign companies in Nigeria can reduce negative tax incidence…
NNPC declares N5.20 billion trading surplus| The Nigerian National Petroleum Corporation (NNPC) www.nnpcgroup.com has said that it made ₦5.20 billion trading surplus for the month of August. Compare with July, 2019 this translate to a 22% increase from ₦4.26 billion.
Year-to-date loss worsen as stock market cap drops to N12.8 trillion
Oando signs Gas Supply Agreements with NLNG, says JV closer to zero gas flare
AFEX to grow operation ten-fold over next five years, Balogun says| Ayodeji Balogun, the Regional Director, AFEX Commodities Exchange Limited (AFEX), a market-leading commodities exchange in Nigeria said operation of the Commodity Exchange would grow ten-fold in the next five years.
Nigeria records positive trade balance in Q3. Nigeria’s total imports decline as exported goods saw a push in the third quarter of 2019, the National Bureau of Statistics (NBS) has revealed.
Nigeria’s debt service to revenue is high, the debt management office,DMO, said in its recent clarification about Nigerian debt stock. DMO said debt service figures grew as a result of the increase in the Debt Stock and relatively high domestic interest rates.
FCMB says group will diversify earnings from retail, raise Tier-2 Capital. After disappointing earnings in the third quarter of 2019, FCMB Group www.fcmbgroup.com said it plans to diversify earnings concentration from banking, sets strategic course for 2020 with Tier-2 capital raise which is expected to be closed in January.
Access Bank Economic Intelligence sees November inflation climbing to 11.9%| The Access Bank Economic Intelligence Unit has stated that the nation’s November headline inflation would hit 11.9%, as analysts cited border closure, security issues in the food producing region as driving factors.
AMCON Takes over Olajide Omokore’s Cedar Oil & Gas Limited Over ₦29 bn Debt. The Asset Management Corporation of Nigeria, AMCON, www.amcon.com.ng has taken over Cedar Oil & Gas Limited, the company promoted by Olajide Omokore, over N29 billion debt owed by the company.