Author: Marketforces Africa

The financial services companies’ warehouse, FBN Holdings Plc, has crossed N1 trillion market on the Nigerian Exchange (NGX) after the group announced

In its creditworthiness assessment, Fitch Ratings has affirmed South Africa’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB-‘ with a Stable

Moody’s Ratings has affirmed the Emerging Africa Infrastructure Fund’s (EAIF) long-term foreign-currency issuer rating at A2 with outlook remains stable.               

NDDC, IFAD Launch N142.96bn Agribusiness Scheme in 3 States The Niger Delta Development Commission (NDDC) has launched a N142.96 billion agribusiness scheme in Akwa Ibom, Imo, and Rivers states. Dr Samual Ogbuku, Managing Director of NDDC, inaugurated the Livelihood Improvement Family Enterprises – Niger Delta (LIFE-ND) initiative for the three states in Port Harcourt on Friday. He stated that the scheme would be funded by NDDC and the International Fund for Agricultural Development (IFAD), with IFAD contributing 60 million USD (N95.31 billion) and NDDC providing 30 million USD (47.65 billion). “This project aims to transform the lives of over 38,000…

The Abuja Electricity Distribution Company (AEDC) and other electricity distribution companies are to pay different fines for over billing customers.

Diri Urges Oando to Acquire Agip’s Liabilities Gov. Douye Diri of Bayelsa has urged Oando Energy Resources Nigeria Limited to accept the liabilities of it new acquisition, the Nigerian Agip Oil Company (NAOC). Diri said this would improve on the frosty relationship between NAOC and its host communities. The governor stated this on Friday during a courtesy visit of the management team of Oando Energy in Yenagoa. Diri called on the Oando management to address issues of employment, contractual benefits, security of jobs and environmental pollution. The governor charged multinational companies to stick to their corporate social responsibility in order…

The US economy is still poised for a soft landing, Goldman Sachs said in a brief amidst expectations of Fed Rate Cut for the rest of 2024.

The Africa Centre for Disease Control and Prevention (Africa CDC) has described the death toll from Mpox as unacceptable, calling for urgent action to enhance

The Japanese  Under 20 women’s national team defeated Nigeria 2-1 on Friday in the round of 16 of the ongoing 2024 FIFA Under-20 Women’s World Cup

The House of Representatives has asked Guaranty Trust Bank (GTB) to remit Value Added Tax (VAT) on the commission received from Remita between 2015