Author: Marketforces Africa

The market value of United Bank for Africa (UBA) Plc has accelerated above FBN Holding (FBNH) after a stable

Geregu Power Plc has inched near N1 trillion in market valuation but momentum appears to have slowed down

The Nigerian Electricity Regulatory Commission (NERC) says a total of 148,389 meters were installed IN q3

As rivalry heightens among oil sellers, large numbers of cargoes of oil belonging to Nigeria have remained unsold.

Nigeria’s inflation rate tempered consumer holiday spending, analysts have gathered amidst expectation that high prices…

The Nigerian government redeemed a total sum of $1.8 billion in foreign loans obtained over the past years,

Hajiya Halima Shehu, the National Coordinator of the National Social Investment Programme Agency (NSIPA)

Equities investors in the Nigerian Exchange (NGX) gained more than N894 billion amidst bargain hunting…

Naira ‘Melts’ Amidst Dirty Exchange Rate Predictions The Nigerian local currency, the naira, lost strength in the foreign exchange (forex) market due to growing demand for the United States (US) dollar by importers, manufacturers and individuals across the economy.  The exchange rate worsened on Friday, though the naira reclaimed value at the parallel market due to a slowdown in forex demand in the space. The local currency depreciated by 2.78% at the official market to close at N885.88 per US dollar on Friday, trading data from the FMDQ FX OTC platform showed. MarketForces Africa reported that the exchange rate printed…

Amidst an unsteady global demand, crude oil prices climbed after pressures witnessed in the recent past weeks.