- Wall Street, FTSE 100 Surge as AI Shares Gain Momentum
- Nigeria’s US Dollar Bonds Dumped as 10-Year Yield Surges to 8%
- Nigerian Banking System Excess Liquidity Climbs to N7.31trn
- Oil Dips as US-Iran Negotiations Progress, Brent Falls to $110
- CBN Intervenes in FX Market, Injects $500m to Ease Supply Stress
- Bitcoin Falls Below $80k Ahead of Federal Reserve Rate Decision
- Naira Losses Deepen, Exchange Rate Weakens to N1,367/$US
- Equities Investors Gain N2.6trn as Dangote Cement, FirstHoldco Rally
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.
Meeting in Abidjan on 29 November 2023, the Board of Directors of the African Development Bank approved a loan of €73 million to Kenya to support Phase III of the Competitiveness and Economic Recovery Support Programme. The financing will cover the fiscal year 2023-2024.
Africa Finance Corporation (AFC) has invested US$60 million in Etu Energias (formerly Somoil), the largest private Angolan oil company, as part of a drive to boost indigenous participation in the continent’s energy sector.
There was a serious shift away from selling to buying momentum across Nigeria’s US dollar bond in the international debt market following Q3-2023 growth record in Africa’s largest economy.
After staying low sugar, the dollar has found some support despite bullish sentiment on US bonds with Treasury yields breaking through key levels.
The Supreme Court on Wednesday ruled that both the old and the redesigned naira notes remain valid legal tenders in the country beyond December 31.
GCR Ratings has affirmed Sovereign Trust Insurance Plc’s national scale financial strength rating of A(NG); with the outlook revised to positive from stable- reflecting expectations of sustained levels in the insurer’s capitalisation and liquidity assessment over the next 12-18 months.
Halting the downtrend, equities investors gained more than N132 billion midweek due to buying interest…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has waded into the dispute between Chevron Nigeria Limited
Tantita Security Services Nigeria Ltd., a private security contractor with the Nigerian National Petroleum Company
Equinor Nigeria Energy Company on Wednesday announced the sale of its Nigerian business