- Burkina Faso Gets Additional Loan Approval from IMF
- SMEDAN Launches N500m Zero-Interest Grow Fund for MSMEs
- NCC Seeks Presidential Backing for Local Smartphone Factories
- Investors Lose N983bn in Nigerian Stock Market
- BTC, ETH, XRP Rise as Crypto Market Stages Recovery
- Oil Prices Decline as Strait of Hormuz Route Gets Busy
- Stronger US Dollar Keeps South African Rand on Edge
- Tech Stocks Rotation Shakes Global Markets as Apple Hikes Prices
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.
Exchange rates continued to rise against the US dollar on Tuesday, defying the past downward …
The Nigerian Exchange (NGX) equities market capitalisation went down by about N104 billion
Crude oil prices traded flat on Tuesday amidst supply concerns and geopolitical unrest.
Treasury Bills Yields Pullback as Investors Increase Bets The average yield on Nigerian treasury bills pulled backward in the secondary market due to increased demand amidst an expectation of interest rate hike. It is anticipated that the central bank will raise interest rates in an attempt to stabilize Nigeria’s dismal inflation rate, which was recorded at 31.70% in February. Analysts claim that as the market waits for triggers to drive additional yield repricing, demand for Treasury bills was driven by the amount of funding available in the financial system. The central bank is expected to conduct primary market auction on…
The Lagos Chamber of Commerce and Industry (LCCI) has commended the recent actions taken by the Federal Government
FG to Establish Natural Gas Park at Ajaokuta Steel Coy The Federal Government says it will establish a Compressed Natural Gas (CNG) park at the Ajaokuta Steel Company in Kogi. The Minister of Steel Development, Prince Shuaibu Audu, disclosed this in a statement issued by his Special Assistant on Media, Mrs Lizzy Okoji, on Monday in Abuja. Methane makes up the majority of CNG, which is mainly used as an alternative fuel for automobiles. It is compressed to less than one per cent of the volume it occupies at standard atmospheric pressure. President Bola Tinubu approved the establishment of the…
The foreign currency injections made by the apex bank to deposit money banks and bureaux de change
Equities investors’ combined wealth declined by about N289 billion due to selloffs in the banking index
The Central Bank of Nigeria (CBN) sold US dollars to Bureau De Change (BDCs) operators at N1251 …
Nigeria’s financial inclusion has experienced significant growth, primarily due to increased accessibility and equality …