- CBN Bans Banks from ‘Win’ Promo, Penalises Lenders
- Short-Term Rates Diverge as Banking Liquidity Plunges by 37%
- South African Rand Firmer as Fed Hold Decision Weakens US Dollar
- Shell Earnings Surge in Q2 on Higher Oil, Gas Prices
- Naira Softens on Tight FX Liquidity, External Reserves Fall
- Zichis Agro-Allied Delivers Breakout H1 2026 Performance as Expansion Strategy Gains Momentum
- MTN Nigeria Grows Profit by 70.6%, Declares Interim Dividend
- Zenith Bank, Access Holdings Selloffs Drag NGX Down by N1trn
Author: Marketforces Africa
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The Securities and Exchange Commission (SEC), says it will align the 10-Year Capital Market Master plan with the present economic realities. The Acting Director-General of SEC, Ms Mary Uduk, in a statement signed by SEC’s Head of Media, Mrs Efe Ebelo said SEC would also ensure the planned review was concluded in record time. Uduk made this known during a meeting with stakeholders in the capital market in Abuja. She said the review was to align the master-plan with current realities on macroeconomic, political and market development fronts. On implementation, Uduk said of over 90 initiatives outlined in the Capital Market Master Plan, 66 initiatives…
Foreign exchange: Trading of Naira Largely Stable Across Markets
The money market activities remained generally upbeat throughout the week, despite an open market operations (OMO) auction for instruments worth N166.6 billion. The short and mid tenor instruments were under-subscribed with bids-offers settling at 0.15x and 0.03x respectively for the 93-day ( with N7.4 billion offered and subscription of N50.0 billion at 11.80% stop rate – 11.800%) and 184-day ( with N50.0 billion offered, and N0.5 billion subscription at 12.90% stop rate) instruments. However, the 359-day instrument was 2.8x oversubscribed, with N100 billion offered, N284.5 billion subscription at 13.029% stop rate). Also, in the Treasury bills secondary market, activities were…
Sell pressure drag market index Down 1.2% over the week
Debt sustainability risk: Weak revenue collection expands FG’s fiscal deficit
FG inaugurates Abuja School of pensions, retirement planning
Nestle Nigeria on Thursday in Port Harcourt unveiled a new Maggi product called Maggi Signature in the South-South region of the country. Mr Dele Gbadeyan, Nestle Nigeria Sales Manager for Rivers Region, said during the launch that Maggi Signature was borne out of a research effort to satisfy customers.
Fidelity Bank Plc on Thursday announced gross earnings of N48.4 billion for the first quarter of the financial year 2019. According to the report, the gross earnings represented a growth of 11.8 per cent when compared with N43.3 billion achieved in the comparative period of 2018.
Oyo Assembly passes Family Planning Bill
Brent oil rose above $75 per barrel on Thursday for the first time this year as quality concerns