Author: Marketforces Africa

Tinubu Inaugurates Implementation Committee on Oronsaye Report President Bola Tinubu has inaugurated an 11-member committee to implement the approved recommendations of the Oronsaye report on the restructuring and rationalisation of government Parastatals, Agencies and Commissions. Sen. George Akume, Secretary to the Government of the Federation, represented the President at the inauguration. According to a statement by Mr Segun Imohiosen, Director of Information in the SGF office, on Thursday in Abuja, Akume is a member of the committee. Other members are Minister of Justice, Lateef Fagbemi; Budget and Economic Planning, Atiku Bagudu; Head of the Civil Service of the Federation, Dr…

Interbank Rates Spike as Banks Scramble for Liquidity

The average yield on Nigerian Treasury bills hit 18.3% in the secondary market

Buying interest in MTN Nigeria (Ticker: MTNN), Transcorp Power Plc (Ticker: TRANSPOWER) and Dangote Sugar Refinery

The naira sustained uptrend for the second day at the official window has reduced the gap between autonomous and parallel market rates

In a bid to boost start-up capital and place more resources at the disposal of aspiring young entrepreneurs in Nigeria

Burkina Faso government and the International Monetary Fund, IMF, have reached an agreement on economic policies

The global market prices of oil increased following a report that revealed a large drawdown

President Bola Tinubu has given policy directives to improve the investment climate and position Nigeria

Earrly Investors Boost Transcorp Power Value by 33% to N2.4Trn A growing numbers of early investors that have shown interest in Transcorp Power Plc future earnings prospect are driving the company’s valuation upward as a result of strong, sutained positioning in its stocks. Transcorp Power Plc has been re-rated to about N2.4 trillion from a listing value of N1.8 trillion at the beginning of the week. The second power-generating company listed on the Nigerian Exchange was priced at N240 per share on Monday. However, early interest investors have rallied around the company with the hope that its earnings stream would…