Author: Marketforces Africa

Equities Investors Gain N837bn, Market Cap Nears N59Trn

Nigerian lender, Unity Bank Plc is partnering with SkillPaddy in its  “Count Her In” tech Programme…

Senate Sets up Committee to Probe CBN’s Anchor Borrowers, Ways & Means

The Nigerian naira recorded market-wide gains resulting in a large drop in FX gap to N12 at the beginning of the week

The National Information Technology Development Agency (NITDA) has Nigerians to be mindful of a new malicious malware ‘OV3R_Stealer’,

Ecobank Transnational Incorporated (ETI), has signed 250 million dollars senior unsecured bridge-to-bond loan facility

CBN to Sanction MfBs for Failure to File Monthly Returns  The Central Bank of Nigeria (CBN), has urged all Microfinance Banks (MfBs) to ensure prompt rendition of statutory monthly returns through FinA application. this is contained in a circular signed by Valentine Ururuka, the Director of Financial Policy and Regulation Department of the apex bank addressed to all MfBs. According to Ururuka, the CBN has observed with dismay the late and non-rendition of periodic returns on FinA by MfBs. “All MfBs are, therefore, reminded of the provision of Section 24 of the Banks and Other Financial Institutions Act (BOFIA) 2020,…

The Nigerian stock market on Monday extended its positive momentum, gaining 0.7 per cent, due to investors’ interest

Angola’s economic recovery in 2021/22 was nearly halted in 2023 by a double shock in the first half of the year…

Geregu Power Plc is expecting more than N9.2 billion as net profit in the second quarter of financial year 2024