Author: Marketforces Africa

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.

Emefiele Buys Keystone, Union Bank for Free –CBN Investigator The report of the special investigation into the activities of the Central Bank of Nigeria (CBN) has accused the immediate past governor of the apex bank, Godwin Emefiele, of using ill-gotten wealth to acquire banks for himself through proxies. According to the report, Emefiele used proxies to acquire Union Bank of Nigeria for Titan Trust Bank Limited, as well as Keystone Bank without any evidence of payment. As a result, it recommends that the Federal Government should reverse the sale of the banks and also take them over. The special investigator,…

The National Economic Council (NEC) on Thursday constituted committees on Economic Affairs and Crude Oil Theft and Management.