- 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.
Equities investors lost about N103 billion on Monday as Nigerian Exchange (NGX) opened the week negative. The local bourse halted last session’s winning streak as investors lost N102.55 billion, following sell-offs in Tier-one banking stocks and cautious trading.
NDIC Begins Liquidation of Heritage Bank, to Pay Depositors The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of Heritage Bank, assuring it will pay depositors of the failed bank N5 million in insured deposits, it said in an official statement. Following the revocation of the banking license of Heritage Bank Plc by the apex bank, the Nigeria Deposit Insurance Corporation (NDIC) was appointed as the liquidator, pursuant to Section 12(2) of BOFIA, 2020. Reacting to the development, the NDIC said in a statement that it has commenced the liquidation of the failed bank. “In accordance with Section 55…
Tritek Consulting, a leading tech consulting firm founded in Nigeria, has announced its expansion into the United States and Canada. This strategic move
Flour Mills of Nigeria Plc reported more than 99% year on year decline in profitability in 2024, details from its audited financial statement showed. The consumer goods company’s net profit came at N3.45 billion from N29.5 billion in the comparable year in 2023, according to food producer’s audited report for the year.
May, 2024 data pointed to a pick-up in growth in the Nigerian private sector, with both output and new orders increasing at sharper rates than in April,
Zenith Bank Plc has been rated buy by Investment firm, Afrinvest Limited in its latest stock recommendation. Analysts have set N41.70 target price for Zenith
Flight operations and other activities at the Murtala Muhammed Airport Terminal II (MMA2), were grounded on Monday, following a nationwide indefinite
The Zamfara Government says it has paid about N5.3 billion to settle 13 years backlog of gratuity owed retired civil servants in the state.
The Transmission Company of Nigeria (TCN), says that the Labour Unions have shut down the national grid, resulting in black out nationwide.
The West African Examinations Council (WAEC) has appealed to the organised labour to consider students sitting for West African Senior Secondary Certificate