- SK Hynix Tokenised bStock Rises on Capital Rotation to RWA
- Micron Technology Tokenised Stock Climbs on Speculative Bets
- XRP Price, Volume Dip Ahead of Ripple’s Flagship Swell Conference
- Ethereum Price Drops on Delayed Glamsterdam Testnet Upgrade
- US, European Markets Dip on AI Concerns, Elevated Energy Costs
- Crude Oil Prices Decline on Renewed US-Iran Negotiations
- U.S. Dollar Index Slips Ahead of Key Economic Data
- 10-Year U.S. Treasury Yield Hovers Below 5%
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.
FCMB Redeems N5.1bn Unsecured Bond in Full Nigeria’s top financial institution FCMB has settled in full more than N5 billion in debt capital raised from the capital market, according to GCR Ratings. The group raised the amount to boost its market position amidst balance sheet growth. In a statement, the emerging market rating agencies said as a result of this, it has now withdrawn the national scale long-term issue rating of BBB+ (NG) accorded to FCMB Financing special purpose vehicle (SPV) Plc’s Series 3 N5.1 billion Unsecured Subordinated Bond following its full redemption. Naira Steadies as Banks Issue Update on…
Naira Weakens Against USD, EUR, GBP The Naira exchange rate faced a setback in the foreign exchange (FX) markets as demand eclipsed total market supply amidst rising import appetite. The apex bank chief told a conference that the naira is currently undervalued. In the autonomous FX market, the central bank of Nigeria has stopped the US dollar and other foreign currency supplies to influence the exchange rate – at least for more than 3 months. The apex bank decision came after a large devaluation of the naira in June, and a subsequent move to settle the forex backlog. Yesterday, the…
The European Union (EU) says it will invest 18 million Euros to fund vaccine research in Nigeria.
Electric car maker Tesla reported a 39% drop in adjusted net income for the final quarter of 2023,
Amidst strong price instability, the Central Bank of Nigeria (CBN) has set a 21.4% inflation target for the year
The Federal Government (FG) under the administration of President Bola Tinubu is not planning to relocate…
The Central Bank of Nigeria (CBN) says it will continue to support the Federal Government to implement …
The Minister of Finance, Mr Wale Edun, says the Federal Government is targeting a 77 per cent increase …
The National Bureau of Statistics (NBS), said prices of beef, rice, beans, onion, tomato, and other food items
The Nigerian Exchange (NGX) year-to-date return advanced near 36% as the All-Share Index on Wednesday