Author: Marketforces Africa

The NIPCO Gas Limited says it has inaugurated Auto CNG station in Kubwa, Abuja in its commitment to

A financial expert, Dr Uche Uwaleke says an increase in the size of the 2024 budget by the National

Private Sector Returns to Growth Despite Inflation Touch –PMI The Nigerian private sector returned to growth in December, with renewed increases in both output and new orders recorded amid some signs of recovery in demand, according to Stanbic IBTC Purchasing Manager Index (PMI) released by Standard and Poor Global. This was despite continued intense inflationary pressure, with purchase costs and selling prices each rising at sharper rates than in November, the PMI report added. Meanwhile, business confidence dropped to the joint-lowest in the decade-long survey so far. The headline PMI moved back above the 50.0 no-change mark for the first…

The Nigerian naira exchange rate suffered from foreign currency demand pressures at the first trading session in 2024,

NGX Group Appoints Temi Popoola as GMD/CEO The Nigerian Exchange Group Plc. (NGX Group) has appointed Mr Temi Popoola as its General Managing Director/Chief Executive Officer (GMD/CEO) designate effective Jan. 1, 2024. Equally, Mr Jude Chiemeka has also been appointed as the Acting Chief Executive Officer (CEO) of Nigerian Exchange Ltd. (NGX), also effective Jan. 1, 2024. Ms Obehi Ikhaghe, the Group’s Company Secretary, disclosed this in a statement made available on Friday in Lagos. Ikhaghe said that both appointments were subject to the Securities and Exchange Commission (SEC) formal approval. The company secretary explained that the current GMD/CEO of…

The equities segment of the Nigerian Exchange (NGX) ended in green with more than N148 billion daily gain

Turk Eximbank Joins AFC as Inaugural Non-African Shareholder Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced an equity investment from Turk Eximbank on behalf of the Republic of Türkiye, marking a historic milestone in onboarding the Corporation’s first non-African sovereign shareholder. The equity subscription from Türkiye’s official export credit agency advances AFC’s mission to be the bridge between Africa and global stakeholders wishing to play a key role in the continent’s development and prosperity. Turk Eximbank’s investment in AFC is its first in an African entity and aligns with Türkiye’s strategic vision of fostering resilient and…

Jaiz Bank Plc, Nigeria’s premier non-interest banking operator, has released an earnings forecast …

Gov. Alex Otti of Abia has assented to the 2024 Appropriation Bill of N567.2 billion into an Act.

The Corporate Affairs Commission (CAC) has extended the deadline for the commencement of penalties