- XRP Rises as Ripple Gets Approval to Launch National Trust Bank
- 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
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.
Nigerian fintech start-up, Paystack is downsizing its team outside Africa, starting with the layoff of 33 employees in Europe and the UAE, where it has an engineering hub.
Foreign direct investment (FDI) into China declined by 9.4% year-on-year to CNY 987.01 billion in the first ten months of 2023, equivalent to USD 136.40 billion, data from the Ministry of Commerce showed.
The price of Bitcoin has fallen 3% over the past 24 hours to $36,250, retreating from its recent high near $38,000, which marks the largest digital asset’s highest level since cryptos plunged into a brutal bear market in May 2022.
The International Monetary Fund (IMF) and Cameroon government have reached a staff-level agreement on policies required to unlock financial support worth about $73 million, according to a statement released by the multilateral lender.
The average yield on Nigeria’s US dollar bonds declined as foreign investors ramped up interest in the sovereign interest amidst global yield repricing – reversing risk-off sentiment experienced earlier in the week.
Global market prices of crude oil declined below $80 per barrel as inventories rose due to strong US oil production, ANZ Bank said in a Friday note.
Nigeria and the African Group on Thursday called for an equitable and fair international tax system toward achieving the Sustainable Development Goals (SDGs).
Vice-President Kashim Shettima on Thursday inaugurated the 3rd Cohort of the Presidential Enabling Business Environment Council (PEBEC).
The Federal Government has reaffirmed its support for the Inter-Governmental Action Group against Money Laundering
The Federal Government says the world is in more demand for people (youths) with technological knowledge to resolve global challenges.