- NEAR Protocol Dips 10% Over Alleged Stolen Patented Technology
- XRP Seeks Catalyst to Halt Downtrend, Breaks Below $1.30
- Bitcoin Drops to $80.5k on Spot ETFS Outflows, AI Stocks Rout
- Naira Touches N1,395 to US Dollar as FX Order Book Surges
- Nigeria’s Gas Reserves Rise 3% to 215.29 Trillion Cubic Feet
- Oil Prices Edge Higher, Brent Rises 5% Week-on-Week to $115
- FirstHoldco Soars on Earnings Beat, Otedola, RC Hold 50% of All Shares
- XRP Upside Rises to 35% as Ledger Upgrade Delayed to Nov.
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.
Ecobank, Oando Drive Midday Gain in Nigerian Exchange
The average yield on Nigerian sovereign Eurobonds or the US dollar bonds dipped slightly in the international debt market as foreign portfolio investors (FPIs) increased their portfolio holdings.
The Nigerian naira rose against the US dollar slightly in the foreign exchange market as FX liquidity pressure reduced. Eligible FX demand at the Nigerian autonomous foreign exchange market undercuts total volume of US dollar liquidity at the window,
The average yield on Nigerian Treasury bills crashed to 21% in the secondary market on Tuesday following an increased position across the curve. The buying momentum was supported by a surge in liquidity levels following inflows from matured OMO bills in the market.
Airtel Africa Plc.’s market valuation or capitalisation was unchanged despite large transactions conducted on the telecommunications stock.
The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have suspended their industrial action – over a lack of consensus on a new minimum wage
Geregu Power Plc retained its #2.5 trillion market valuation months after the stock price peaked at N1000. The company came to the local bourse by way of introduction at N100 per share in Oct 2022, with 2.5 billion shares outstanding – Now, nothing appears to be moving the stock price : earnings and deal have no impacts.
Oil Dips Below $80 Despite OPEC+ Supply Cut Extension
By the end of 2025, nearly half the population of Africa will have engaged in buying goods and services online, compared to just 13% in 2017, according to latest report from title ‘Payment and E-commerce in Africa’ released by Nikulipe.
The Nigerian naira reclaimed small of value it has lost in the currency market on Monday. The Nigerian naira closed the trading session on the positive on Monday, appreciated by 0.66% to #1476.12 per unit of US dollar at the autonomous FX market.