Author: Marketforces Africa

Prof. John Peters, a faculty of the United Kingdom leadership development organisation, TEXEM,

Oil price rose on Wednesday as US dollar weakness lifted market demand higher following Tuesday bearish run in

Moniepoint Inc. has been ranked by the Financial Times as Africa’s fastest-growing fintech, the company said in a

The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, says the nation’s fishing industry can

The Corporate Affairs Commission(CAC) is exploring ways to make use of High-Powered

The UN has approved Nigeria’s submission, for the granting of sovereignty to about 16,300 square

The average yield on Nigerian Treasury bills trend above OMO yield by more than 200 basis points, according traders

Gov. Alex Otti of Abia has inaugurated the 10.98 km Aleto-Ogale-Ebubu-Eteo road which is expected to shore up

The average yield on Federal Government of Nigeria (FGN) bonds increased as market participants in

Naira Loses Shine, CBN Calls Meeting as Exchange Rates Worsen The Nigerian naira lost shine in the foreign currency markets as exchange rates worsened beyond analysts’ anticipation. According to currency movement data from FMDQ, the naira depreciated against the US dollar by 2.86% to close at ₦1,520.40 per dollar in the official market. The amount of US dollars available at the Nigerian autonomous foreign exchange market was insufficient to meet the demand for foreign currency required by eligible market participants to fulfill their import payment obligations. Foreign portfolio investors are still pulling money out of the market because fixed income…