Author: Marketforces Africa

The naira got knocked down as local currency value spiralled downward after the Central Bank of

 GCR Ratings (GCR) has affirmed United Bank for Africa Plc’s long-term national and international

First Bank of Nigeria Ltd. (FirstBank) on Friday rewarded 310 customers with N31 million, as winners of the Win Big

The U.S. Environmental Protection Agency today finalized tougher clean air standards that, for the first

Germany and Nigeria have signed an agreement to accelerate the implementation of a power project

Insurance companies collected N729.1 billion as premium in the first three quarters of 2023, an

Inflation Pressure Keeps Private Sector Growth in Check –PMI Companies in Nigeria continued to be negatively impacted by strong inflationary pressures in November, with new orders and output both falling as customers were either reluctant or unable to pay higher charges. Purchase prices rose at the fastest pace in almost two years amid exchange rate weakness and higher costs for fuel and materials. At 48.0 in November, down from 49.1 in October, the headline PMI remained below the 50.0 no-change mark for the second month running midway through the final quarter of the year. The index signalled a modest deterioration…

Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the Chartered Financial Analyst (CFA) Institute to promote efforts and activities that support the formation, training, and updating of human capital in finance and investment for the overall development of the Nigerian financial services sector.

The average yield on Nigerian Treasury bills steadied at 10.21% amidst slowdown in trading activities at the space. Key market players adjusted to the new market dictates following what seems as all year round inflation rate surge.

In the foreign exchange market, the Naira showed a lacklustre performance against the US dollar,