Author: Marketforces Africa

Transcorp Power Plc experienced a sustained increase in its market price on the local bourse

The share price of Guaranty Trust Holding Company (GTCO) Plc accelerated by 18% over …

FBN Holdings has become the second largest financial institution on the Nigerian Exchange…

Zenith Bank Plc recorded about 17% share price growth ahead of the Tier-1 lender’s financial year 2023 earnings release.

NEM Insurance Jumps by 21% on Good Earnings Forecast NEM Insurance Plc gained about 21% as the company’s earnings forecast attracted buying interest from investors. The insurance company saw its share price climb to N6.65 over a week from N5.50, an increase of 21.9% week on week. The gain lifted the insurer’s market valuation to N33.36 billion, details from the Nigerian bourse revealed.  NEM Insurance is expecting its profit to settle at N8.288 billion at the end of the first half of the financial year 2024. The financial services company stated that its revenue from insurance services is expected to…

The Executive Board of the International Monetary Fund (IMF) has approved a Resilience and Sustainability Facility

Equities investors gained N2.1 trillion over the last five trading sessions on the Nigerian Exchange …

US Senate Refuses To Fast-Track TikTok Bill A bill that would force the sale of TikTok from its Chinese owners or see it banned in the United States will move cautiously in the US Senate, key lawmakers said, after it sailed through the House. The bill’s whirlwind House passage on Wednesday, and its backing from US President Joe Biden, had raised alarm bells that the app, used by 170 million people in the United States, could be shut down within months. But hopes from TikTok’s foes that the Senate could also move quickly were dashed, with key senators saying they…

Expert Offers Solutions to Nigeria’s Agric Products Rejection  An agricultural expert, Sheriff Balogun, has identified measures to mitigate the rejection of Nigeria’s agricultural products like sesame and cowpea in the international market. Balogun, the National President of the Federation of Agricultural Commodity Associations of Nigeria (FACAN), said this in an interview with the news agency on Sunday in Abuja. According to him, one of the measures for curbing the rejection is to critically monitor the production processes of commodities produced in the country. “This is because whatever you do, if you put control measures from a production point of view,…

Oil prices edged higher over five trading days in the just concluded week, helped by the release of healthy demand