Author: Marketforces Africa

The Senate has confirmed the appointment of Gbenga Alade as managing director and chief executive officer

FX Watch: There could be a better future ahead as the Nigerian naira starts to heal from losses …

Zenith Bank Names Adaora Umeoji New CEO Zenith Bank Plc has announced the appointment of Dame (Dr.) Adaora Umeoji, OON, as Group Managing Director/Chief Executive with effect from June 1, 2024, subject to approval by the Central Bank of Nigeria (CBN). She takes over from Dr. Ebenezer Onyeagwu, whose five-year term expires on May 31, 2024, after a very successful tenure. Dame (Dr.) Adaora Umeoji is the first female GMD/CEO since the inception of the bank, and her appointment is consistent with the bank’s executive transition tradition, succession plan, and strategy of grooming leaders from within. Prior to this appointment,…

The Nigerian Eurobond yield crossed 10% in the international market for trading existing sovereign US dollar denominated

The oil market retreated after positive demand expectations lifted prices higher …

The naira reclaimed value in the forex market as demand undercut foreign currency supplied at Nigeria’s autonomous FX market.

Nigeria’s Debt Management Office (DMO) offered higher spot rates on government bonds

The average yield on Nigerian Treasury bills slid 21 basis points on Monday as investors engaged in some buying activities

The Nigerian Exchange (NGX) equities market capitalisation lost about N239 billion at the beginning of the week

Following the disruption on March 14, 2024, which affected data and voice services due to cuts …