Author: Marketforces Africa

The Nigerian government is offering higher interest rates on financial instruments in a bid to drive foreign currency inflows

Heirs Holdings Launches Tech Coy to Lead Digital Transformation Heirs Holdings, a leading African investment company dedicated to improving lives and transforming Africa through strategic long-term investments, announced the launch of its new subsidiary, Heirs Technologies Limited, with an ambition to empower Africa’s digital transformation through innovative and locally tailored solutions. In an official statement, Heirs Technologies would provide value added services that capitalise on top-tier expertise while guaranteeing accessibility locally. The company’s range of offerings includes IT consulting, which encompasses advisory services, business transformation, system integration, licencing, and partnerships. Additionally, Heirs Technologies will offer various managed services covering IT…

Flutterwave Shuts Down Barter Virtual Card, Focuses on Remittance Flutterwave said it is shutting down its Barter service, a virtual card platform launched in 2017 to support the fintech company’s growth drive. According to a statement, Flutterwave will now concentrate efforts on its remittance and enterprise business segments, which have proven more successful. The company revealed that its decision to sunset Barter services in the market followed a market analysis that revealed evolving customer needs and shifting trends. While acknowledging the importance of retail services, Flutterwave emphasises its current priority has shifted to optimising solutions for businesses and remittance. Barter’s…

Equities investors placed a much higher value on shares of Transcorp Power Plc after the company was listed by introduction last week. Its market cap crossed

Moody’s Ratings has changed the outlook on the Government of Egypt from negative to positive …

Naira to Appreciate to N1200 vs US Dollar -Goldman Sachs In 12 months, the naira would appreciate to N1200, Goldman Sachs said in its latest report titled Nigeria- Turning the Corner. The report stated that the forecast is hinged on a combination of positive real rates, capital inflows, and evidence of a shift to a more orthodox policy set-up. “We think that Nigeria is turning the corner following its recent currency crisis. These developments have prompted us to shift to a constructive outlook for the Naira, which our FX strategists expect to appreciate to N 1200 vs. the USD in…

The United States (US) Department of the Treasury’s Office of Foreign Assets Control …

President of the African Development Bank Group Dr. Akinwumi Adesina has appealed to leaders in Nigeria and across Africa

In the secondary market, bonds traders, and holders reacted negatively to a spike in short-term rates on Treasury bills.

Guinness Nigeria Plc’s market value has dropped by 10% to N100.538 billion on Thursday in the stock market