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.

Tinubu to Hold Bilateral Talks with Starmer as UK Unveils Programme for State Visit

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Tinubu to Hold Bilateral Talks with Starmer as UK Unveils Programme for State Visit President Bola Tinubu is scheduled to hold a bilateral meeting with United Kingdom Prime Minister Keir Starmer as part of his upcoming state visit to the UK, according to the official programme released by the British government. The visit will include ceremonial events, bilateral meetings, and engagements with the Nigerian diaspora. Preparations on March 17 will involve security sweeps, road closures, and procession rehearsals ahead of the president’s arrival. Tinubu will formally arrive on March 18, where he will be received by Prince William and Catherine,…

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CIBN Inducts 2,020 New Chartered Bankers

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CIBN Inducts 2,020 New Chartered Bankers The Chartered Institute of Bankers of Nigeria (CIBN) on Saturday inducted 2,020 professionals as chartered bankers, urging them to leverage Artificial Intelligence (AI) to drive innovation and strengthen Nigeria’s financial system. Speaking at the ceremony in Lagos, CIBN President, Prof. Pius Olanrewaju, said that the induction marked a defining moment in the careers of the new professionals. Olanrewaju said that the inductees were joining a prestigious community of banking professionals recognised for competence, integrity and commitment to ethical standards in the financial services industry. According to him, the event’s theme, “Smarter Banking: The Power…

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Oil Prices Rise 8% as Supply Disruption Persists

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Oil Prices Rise 8% as Supply Disruption Persists Oil prices rose 8% on the week as escalating conflict in the Middle East and mounting threats to energy shipments through the Strait of Hormuz heightened supply risks. Crude oil prices maintained an uptrend despite large-scale emergency stock releases and policy moves to stabilise supply, which limit further upside. International benchmark Brent crude traded at $98.18 per barrel, up 8.1% from last Friday’s close of $90.83. US benchmark West Texas Intermediate (WTI) rose 5.7% to $94 per barrel, compared with $88.89 a week earlier. The rally is primarily driven by intensifying geopolitical…

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Strategic Oil Reserves Release Will Reduce Prices – Trump

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Strategic Oil Reserves Release Will Reduce Prices – Trump U.S. President Donald Trump said he would release strategic oil reserves to stabilise rapidly rising prices, adding that the reserves would be replenished afterwards. “We’ll do that, and then we’ll fill it up,” Trump told news station Local 12 on Wednesday, saying the move would push prices down. The International Energy Agency (IEA) had earlier announced it would release a record amount of oil onto global markets. The 32 member countries, including the United States, will release a total of 400 million barrels of crude, according to an IEA statement. “I…

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Equities Investors Lose N108bn as NGX ASI Closes in Red

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Equities Investors Lose N108bn as NGX ASI Closes in Red The Nigerian Exchange (NGX) market capitalisation dropped as equity investors’ portfolio value decreased by about N108 billion amid sustained selloffs in mid- and large-cap stocks on Wednesday. The lingering profit-taking activities initiated by sell-side actors on Tuesday dragged key performance indicators southward, and year-to-date return moderated. All-Share Index (ASI) declined 0.09% to 195,898.53 points, reducing the year-to-date return to 25.89%. Market capitalisation similarly contracted by 0.09%, shedding ₦107.57 billion to ₦125.75 trillion. Market sentiment was negative at 0.7x, as 40 losing stocks outnumbered 29 gainers. NGXGROUP, PREMPAINTS, OMATEK, PRESTIGE, and…

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