- Stock Market Shrinks Below N149trn over 3-Day Losses
- Ripple XRP Climbs on EU Market Optimism, Institutional Appetite
- Federal Govt. Needs N4.55bn to Fill PHC Vacancies- Official
- Oil Prices Lower as Saudi Arabia, Iran Ramp Up Exports
- Dogecoin Price Rises as SpaceX Inches to Join Nasdaq 100
- GCR Upgrades FCMB Ratings to A/AI, Outlook Stable
- Burkina Faso Gets Additional Loan Approval from IMF
- SMEDAN Launches N500m Zero-Interest Grow Fund for MSMEs
Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
The Central Bank of Nigeria (CBN) has stopped 100% foreign currency repatriation by International Oil Companies
The aggregate market capitalization of the Standard and Poor’s 500 (S&P 500) index companies grew 18.5% from $36.5 trillion
Fitch Ratings has downgraded Ecobank Nigeria Limited’s credit rating to ‘CCC+’ from ‘B-‘
The Nigerian troubled local currency, the naira, recorded an unimpressive daily gain in the official foreign exchange
Fitch Ratings said it has again kept First City Monument Bank’s (FCMB) credit rating under rating watch negative
The equities capitalisation of the Nigerian Exchange (NGX) inched close to N57 trillion
The leading pan-African e-commerce platform. Jumia, posted a 52% year-on-year decline in pretax loss to $99 million
Reps to Sanction MDAs for Treasury Single Account Violation The House of Representatives Public Accounts Committee (PAC) has resolved to sanction Ministries, Departments, and Agencies (MDAs) of government over violation of the Treasury Single Account (TSA). Rep. Bamidele Salam, Chairman of the Committee, said this at the resumed hearing of the committee in Abuja. The Committee also summoned Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, Minister of Finance, Wale Edun and representatives from Office of the Accountant-General of the Federation, to appear before it on Feb. 20. The committee is investigating alleged leakages and non-remittance of…
Cadbury Nigeria Increases Share Capital to N1.14bn The Board of Directors of Cadbury Nigeria Plc has decided to increase the company’s share capital from N939.101 million to N1.14 billion. Mr Fola Akande, the Company’s Secretary, said this in a notification to Nigerian Exchange Ltd (NGX) in Lagos. Akande said the decision was a resolution of an Extraordinary General Meeting (EGM) on Feb. 8. He said that this would be done by the creation of 402,082,657 ordinary shares of 50 kobo each. Akande explained that such shares would rank pari passu in all respects with the existing ordinary shares in the…
Contract Variation: Federal Capital Territory (FCT) Minister, Nyesom Wike, has threatened to blacklist Setraco Nigeria