Author: Marketforces Africa

The UN General Assembly adopted a landmark resolution on Thursday on the promotion of “safe, secure and trustworthy

The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.152 trillion in February

The Nigerian Naira has continued to clawback losses as the local currency appreciated to N1382 per US

The Federal Government has revealed it will receive 500 tractors assembled by the John Deere Group to improve mechanised farming.

Equities analysts have raised their expectations for Nigeria Breweries Plc stock with an upward adjustment to the brewer’s 12-month

Coleman Technical Industries Limited is offering investors an opportunity to earn income from its N10bn

The average yield on Nigerian Treasury bills crashed significantly in the secondary market amidst an ongoing exchange rate

The equities market capitalisation of the Nigerian Exchange on Wednesday declined by N168 billion,

The Nigerian naira moved with confidence as the dominant US dollar across foreign exchange markets as foreign currency

CBN Clears US$7 Billion FX Backlog Owed to Banks The Central Bank of Nigeria (CBN) says it has cleared all valid foreign exchange backlogs, acting Director, of Corporate Communications, Mrs. Hakama Sidi Ali, said on Wednesday. The recent payment cleared off a total $7 billion in legacy forward FX obligations. She said it was “fulfilling a key pledge of the CBN Governor, Mr. Olayemi Cardoso, to process an inherited backlog of US$7 billion in claims.” Mrs. Sidi Ali noted that the CBN recently concluded the payment of $1.5 billion to settle obligations to bank customers, effectively settling the residual balance…