- 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.
Exchange rates across the foreign exchange markets swing in different directions amidst a plan by the Central Bank of Nigeria (CBN) to boost the purchasing power of the local currency.
In terms of market valuation, Geregu Power Plc’s weight has increased and there is a possibility that the company could be joining the 13-digit gang on the Nigerian Exchange soon.
At all costs, Nigeria’s economy ascended in the third quarter of 2023, halting the previous quarterly decline. The gross domestic product growth report by the National Bureau of Statistics showed that the economy grew by 2.54% year-on-year in real terms to N19.44 trillion.
The share price of Stanbic IBTC Plc declined by 7% to close at N65 on Friday, stock market data shows.
Unity Bank Plc’s share price has been gathering energy from increased demand …
The Nigerian Exchange (NGX) market capitalisation rose to N39.17 trillion after sustained bullish momentum
Naira: CBN to Develop New Foreign Exchange Guideline –Cardoso The Central Bank of Nigeria (CBN) has revealed a plan to launch new foreign exchange (FX) guidelines to curb pressures on the local currency. A sustained increase in demand for foreign currency has reduced the value of the Nigerian naira. While demand for the US dollar has maintained an uptrend, the supply side has been limited, creating disequilibrium in the foreign exchange markets. This has kept exchange rates movement negative for companies, individuals and government. Speaking at the Annual Bankers Dinner, the Governor of the Central Bank, Yemi Cardoso said new…
After a long period of underperformance, the Nigerian government …
The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has clarified that the 43 items were never explicitly prohibited from importation or sale in Nigeria.
The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has clarified that the 43 items were never explicitly prohibited from importation or sale in Nigeria.