- Nigeria’s FX Market Inflows Drop 26% on CBN 6-Week Zero Supply
- XRP Price Increases as Ripple Seeks to Expand AI Workforce
- Bitcoin Climbs as Japan Pension Fund Allocates 1% to Crypto
- Oil Prices Decline on Removal of Iranian Export Restrictions
- Keir Starmer Resigns as UK PM Amidst Political Turmoil
- South African Rand Weakens on Peace Deal Durability Concerns
- Global Markets Mixed on Renewed US-Iran Threat
- Julius Berger Approves N6.8bn Dividend Amidst Mixed Start to 2026
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.
The naira exchange rate worsened in the official currency market on Tuesday, reversing successive daily gains that followed the Central Bank of Nigeria’s (CBN)
BUA, Transcorp, Big Banks Drag Nigerian Exchange Down The equities market is trading negative again on Tuesday after opening the week with a huge loss yesterday. The bearish moves were led by BUA Cement, Transcorp, and Oando including selloffs in big banks. During early trading hours on the Nigerian Exchange (NGX) platform, equities investors started with a stock-selling spree. Traders said most of the selloffs were in financial stocks, with banks shares being the top target for profit takings. At mid-day, the Nigerian Exchange All share Index (NGX-ASI) trended negatively, reflecting a loss of -0.50%, Alpha Morgan Capital Limited told…
Benchmark Yield on Nigerian Bond Falls to 20% The benchmark yield on Federal Government of Nigeria (FGN) bonds fell to 20.01% on Monday due to increased demand. The market experienced buying interest in local bonds as investors sought to park funds in risk free investments as a result of the attractive yield. The market has taken note slowed down in bond supply by the Nigerian Debt Management Office (CBN), having met 70% of 2024 bond sales target in the local market. In the recent time, the local bond market experienced sell pressures which lifted the benchmark yield above 20%. Though…
Oil prices rose early on Monday in the global commodity market ahead of U.S energy agency and the Organisation of Petroleum Exporting Countries (OPEC) monthly
The Debt Management Office (DMO) has offered two Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit.
The yields on Nigerian fixed income securities have been considered to be on the high side, driven by changing market dynamics.
The President of the Nigeria Basketball Federation (NBBF), Musa Kida, has said that D’Tigress Head Coach, Rena Wakama, will be retained after their historic
The Nigeria Deposit Insurance Corporation (NDIC) says it has paid 82.36 per cent of depositors with above N5 million as insured sum in the defunct
African Export-Import Bank (Afreximbank) plans to double its financing of intra-African trade from US$20 billion in 2021 to US$40 billion by 2026, Mr. Haytham ElMaayergi,
Nigeria’s top power generating company, Transcorp Power Plc, valuation was lowered slightly in the equities market last week ahead of dividend payment.