Author: Marketforces Africa

Justice Rahman Oshodi of the Ikeja Special Offences Court on Monday remanded the embattled former Central

The African Development Bank (AfDB) and Central African Republic (CAR) have strengthened their

Nigerians in Diaspora Organisation (NIDO) Americas has called on the Federal Government to prioritise the

FBN Holdings Plc has announced plans to seek shareholders’ approval this month to raise about N300

The Nigerian Exchange Group Plc (NGX Group) has invested in the Ethiopian Securities Exchange (ESX).

Fitch Ratings has affirmed Rwanda’s credit rating at ‘B+’ with a stable outlook. In its latest update, Fitch stated

The apex bank reduced interest rates on the open market operation (OMO bills) following a surge in demand

Dr Bello Maigari, the Executive Secretary of the National Lottery Trust Fund (NLTF), has commended the

Naira Strengthens to N1251 as FX Inflows Rise 42% The exchange rate outlook on the naira has turned positive with the expectation that the local currency will continue to beat the US dollar across the forex market. The exchange rate appreciated to N1251.05 versus the US dollar, according to data from the FMDQ Securities Exchange. Goldman Sachs forecasted that the exchange rate will appreciate to N1200 over 12 months. In the just concluded week, the Nigerian naira closed at N1251 as the local currency’s dramatic gaining streak uneased foreign currency speculators in the economy. Nigerian naira has continued to gain…

Retain earnings of Nigeria’s deposit money banks (DMBs) excluded from capital base calculation will complicate recapitalisation plans for lenders, Moody’s Rating gave the hint in a new report.