- 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.
Oil prices swung as OPEC+ members altered their plans to digitally communicate output decisions after delaying their meeting for four days, flooding the markets with supply concerns.
Short-term benchmark interest rates rose to double-digit highs as the liquidity profile in the financial markets weakened further. There have been renewed pressures on liquidity in the financial system, worsened by debits for primary market auctions.
Finalists won cash prizes as Zenith Bank concluded its tech fair. The third edition of the Zenith Bank Tech Fair
MTN Nigeria Plc has announced a plan to raise more than N72 billion to fund its working capital, according to its regulatory filing.
The average yield on Nigerian Treasury bills slide by 10 basis points to close at 12.57% amidst sustained buying interest in Naira-denominated instruments despite falling local currency.
The financial markets players and FX traders have bided the Nigerian a long goodbye as the official exchange rate worsened to N956 to a US dollar.
Equities Investors’ Wealth Rises by N27bn as NGX Rallies
Crude oil prices tumbled after the anticipated OPEC+ meeting, during which member producers are expected to decide production quotas for 2024, was postponed to Nov. 30.
Unity Bank Plc and Cashtoken, have announced a partnership to deploy a patronage reward product that will see the Bank’s customers winning millions of Naira in cash rewards, guaranteed instant cashback, and offer a life-changing opportunity.
The Central Bank of Nigeria (CBN) adjusted spot rates on Treasury bills by 100 basis points at the just concluded primary market auction, according to the results.