- Reforms Restoring Stability, Investor Confidence – Tinubu
- Oil Prices Dip Below $90 on Potential US-Iran Deal
- ECB Hikes Rates 25bps, Targets 3% Inflation for 2026
- Rand Slides as World Bank Cuts South Africa’s 2026 GDP Growth
- Wall St, European Markets Surge on AI Stock Rally Ahead of SpaceX Debut
- Fitch Affirms African Development Bank at ‘AAA’, Outlook Stable
- Naira Depreciates as Interbank FX Turnover Declines
- Equities Investors Lose N73bn as Nigerian Exchange Index Dips
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.
Foreign investors’ shy away from CBN’s OMO auction. In the money market last week, exit of foreign investors impacted the Central Bank of Nigeria’s (CBN) www.cbn.gov.ng open market operation (OMO) as subscription was significantly under sold.
Analysts say Moody’s Negative Outlook Reflects Weak Macroeconomic Fundamentals. Afrinvest, a leading independent investment banking firm, said that Moody’s, an international rating agency, negative outlook reflects the nation’s current realities. The firm however said that fiscal ratio could worsen in 2019.
Deloitte faults application of IFRS 9 by Nigerian Banks. Many Nigerian banks applied International Financial Reporting Standard 9 impairment provisioning modelling differently, thereby making comparison a tough task, Deloitte Nigeria’s report has revealed.
Investors’ wealth decline as sell-offs in Bellwethers Drag Index. The Nigerian equity market today shed 0.09% to further extended downtrend to four consecutive trading sessions.
Senate passes N10.594 trn budget for 2020. The Senate, on Thursday at plenary, passed the 2020 budget of N10.594 trillion as against N10.33 trillion presented by President Muhammadu Buhari.
Tellimer’s Hasnain says Pension funds allocation shift to equities to drive rally|The Nigerian equities market has underperformed investors’ expectations year to date, but some analysts are already forecasting renew interests starting from the first quarter of financial year 2020
Earnings miss limit FCMB stock upside potential. Despite the fact that its earnings faltered, analysts at Cardinalstone still wants you to hold FCMB stock in your portfolio, rating given to stock with good fundamental, and upside potential less than 15%.
The Nigerian Stock Exchange (www.nse.com.ng) extends its losing streaks amid sell-offs in the banking stocks at the trading session on Wednesday.
Officials of the Swiss-based company in Frankfurt, said on Wednesday that…
Equities market (www.nse.com.ng) opens the week on a negative note as market index drops.
Losses in CCNN (-5.0%), GUARANTY (-0.5%) and FCMB (-5.5%) dragged the All-Share Index (ASI) by 4 basis points (bps) to 26,990.59 points.