Author: Marketforces Africa

The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N6,430.02 recorded in August to N6,699.63 in September

The Federal Accounts Allocation Committee (FAAC), has shared N1.298 trillion among the Federal Government, states, and the Local Government Councils

The average yield on Nigerian Treasury bills shrank as investors boost their portfolios with more short term instruments after disinflation. The market

Money market rates fell slightly as liquidity level in the financial system improved. The latest declined in short-term benchmark interest rates reversed

The naira sank further across the foreign exchange (FX) markets as indication emerged that the Central Bank of Nigeria (CBN) could abandon its

Equites market slumped by more than N127 billion as investors exited positions in Aradel Holdings, GTCO and Oando Energy Plc shares.

A Chinese company, Inner Galaxy Steel Company Limited, is set to invest about 300 million Dollars to establish a new steel plant for the production

The dovish European Central Bank (ECB) has further cut key rate by additional 25 basis points (bps) to 3.25%, according to a latest monetary decision

The equities market is trading negative during intraday session on the Nigerian Exchange (NGX) platform as sell actors began fresh maneuvering.  

The gross balance in Nigeria’s foreign reserves climbed to $38.832 billion, according to data from the Central Bank (CBN).