Author: Marketforces Africa

The Naira gained at the official market as it traded at N1,255.07 to a dollar on Thursday.

Gov. Hope Uzodimma of Imo and the Chairman of, the crude oil theft and management committee, say his

A multinational technology company, Microsoft, said on Thursday that Artificial Intelligence (AI) had the

President Bola Tinubu says Nigeria’s economy is at a turning point and requires the support of the private

African Export-Import Bank (Afreximbank)  has introduced the Afreximbank Policy Research Working

President Bola Tinubu says Nigeria’s economy is at a turning point and will require the steadfast support of the

Ghanaian fintech company Zeepay Ghana has announced the completion of an equity investment by pan-African investment firms

Naira Bulls Rise over Increased Confidence in FX Markets The Rise of Naira Bulls: A growing number of investment firms have changed their outlook on Nigeria’s naira to positive after spurious demand for foreign currency that worsened exchange rates early in the year. Goldman Sachs, Renaissance Capital, and Financial Derivative Company (FDC) in their separate reports projected that the local currency would claw back losses sustained after official devaluation. The Nigerian autonomous foreign exchange market’s turnover increased by +14.4%, or US$272.4 million, to close at USD 2.2 trillion on Thursday, according to data from FMDQ. The CBN contributed 17.1%, foreign…

Stock investors lost more than N251 billion as the equities market continued to decline as a result of selloffs. In the face of stringent regulations and recapitalization requirements, investors are essentially cutting back on their holdings in the banking index.

Brent Hits $91 as Geopolitical Tensions Increase Concerns