Author: Marketforces Africa

Unilever Nigeria Plc on Wednesday said that its total assets decreased to N116.30 billion as at Dec. 31, 2023.

The Nigerian Electricity Regulatory Commission (NERC), says the newly approved tariff is expected to reduce

Nigerian Breweries Plc plans to raise up to N600 billion through a rights issue to address challenges posed by the Naira

Prof. Kevin Urama, African Development Bank’s (AfDB) Chief Economist, says financing has

The Vice-President, Kashim Shettima, has expressed optimism that the $ 617.7 million Investment in Digital

The Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN) has

Equities investors in the Nigerian stock market recorded more than N140 billion daily loss on Wednesday due to shifting market sentiment. Following some unimpressive earnings releases, there has been some investment repositioning that triggered sell pressures.

Naira Races to Beat Goldman Sachs Forecast The exchange rate appreciated further midweek as the Nigerian naira continued to claw back previous losses sustained in the forex markets. At the official window, the local currency gained 1.23% again to close at N1262.85 per US dollar. Goldman Sachs predicted early in the first quarter that the exchange rate will settle around N1200 within 12 months. Barely a month into the prediction, the local currency has maintained positive traction at official and parallel markets due to improved foreign investors’ confidence. The level of confidence exhibited continues to attract foreign currency inflows. Nigeria…

The UK’s data protection regulator has urged social media and video-sharing platforms to do more to protect children’s privacy

President Bola Tinubu signed the Students Loan Bill into law on Wednesday in Abuja.