Author: Marketforces Africa

The Senate has tasked its Committee on Anti-Corruption and Financial Crimes to investigate the activities of Pension Fund Administrators (PFAs) over unpaid pensions.

Afreximbank says about 43.7 billion dollars worth of trade and investment deals were sealed at the just concluded Intra-African Trade Fair (IATF2023) held in Egypt.

President Bola Tinubu has sought the approval of the Senate for 2023-2024 external borrowing plan of 8.6 billion

Losing about N165 billion today, the equities investors in the Nigerian Exchange saw their combined wealth falling for the second day in the week due to weak sentiment. Again, the market performance indicators dropped by 0.44%, resulting in a moderation in the year-to-date return of the Exchange.

Ahead of the Organisation of Petroleum Exporting Countries (OPEC) and allies (OPEC+) rescheduled meeting for Nov. 30, global prices of crude ascended moderately after falling below $80 per barrel.

The United Kingdom (U.K) Competition and Markets Authority said it has provisionally found Adobe’s planned $20 billion acquisition of collaboration software company Figma would likely harm innovation for software used by the vast majority of U.K. digital designers.

The Nigerian Exchange (NGX) rides on buying waves due to equities investors’ improved buying sentiments on Mecure and banking stocks, detail from Alpha Morgan Capital Limited shows.

Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the French Government to establish a subsidiary of Zenith Bank Plc in France, Nigeria’s most capitalised lender said in a statement.

Nigeria’s US dollar bonds benchmark yield rose by 2 basis points over risk-off sentiment exhibited by foreign portfolio investors (FPIs) in the market on Monday.

The House of Representatives has threatened to hand over the management of Nigeria Civil Aviation Authority (NCAA) to Economic and Financial Crimes Commission (EFCC) over alleged missing N43 billion revenue generated in 2022.