- Pre-Election Spending to Keep Inflation, Interest Rates Elevated – Analysts
- NCDMB to Launch Oil and Gas Trainers Certification
- Naira Depreciates, Touches N1392 on FX Liquidity Shortfall
- ACCI Seeks Reforms to Boost FCT Free Zones for Economic Growth
- $125bn in Vessel, Cargo Value Await Passage from Persian Gulf – Allianz
- Dangote, BUA Cement Drag NGX Index, Investors Lose N3.64trn
- XRP Price Crashes as Lending Platform Strobe Finance Shut Down
- South African Rand Softens, Stronger Dollar Weighs on EM Currencies
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.
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
The Central Bank of Nigeria (CBN) has revoked the license of Heritage Bank Plc with immediate effect, according to an official statement.
Power Generation Companies (GenCos), have appealed to the Federal Government and key stakeholders to settle electricity debts owned them for electricity generation to enable them remain in business.
Fidelity Bank Plc benefited from a fresh rally on the Nigerian Exchange, led the gainers chart over a five day rally. The bank’s share price rose sharply, up by 23% week on week as value hunters and shareholders queued behind the financial services stock.
The naira continued to underperform bullish expectations of major investment firms, including Goldman Sachs, Financial Derivate Companies, Renaissance, and others, amidst claim by the apex bank that the local currency is undervalued.
The foreign currency scarcity problem caused the Central Bank of Nigeria (CBN) to intervene in the forex market five times in response to negative exchange rate movements. Overall, the apex bank injected $33 million to boost FX liquidity in the market.
Banks earnings rose sharply in 2023 as Nigerian lenders earned higher interest income from loan book repricing. In the latest earnings release by banking sector dominating lenders, their individual report showed interest income skyrocketed using effective pricing method.