Author: Marketforces Africa

Transitioning to a more sustainable and carbon-neutral future, $13.5 trillion in investments will be needed by 2050, particularly in the production, energy and transport sectors, according to a new World Economic Forum report.

The Federal Executive Council (FEC) has approved the 2024 appropriation bill of N27.50 trillion for the 2024 budget with a N1.5 trillion increase from the earlier estimated bill.

The average yield on Nigerian Treasury bills climbed marginally amidst cold trading activities in the secondary market. Transactions conducted on bills in the secondary market were influenced by a recent increase in spot rates on 91- and 182-day Treasury bills by the apex bank.

The Katsina State Government has allocated 20.35 per cent and 20.13 per cent to water resources and education sectors, respectively, in the 2024 budget.

The Nigerian bond was dominated by strong buy momentum in the secondary market despite pressures on the economy. Market interest was visible on short duration with flat trading activities across the belly and long end of the curve.

Nasarawa Geographic Information Service (NAGIS), says it generated and remitted more than N912.3 million into the state government’s coffer between January and November.

The domestic equities market kicked off the week with a growth 0.17 per cent due to bargain hunting in Guinness Nigeria and 31 others.

In the foreign exchange market, the Nigerian Naira depreciated by 2.48% in the official market, closing at N814.60 to the dollar from N794.89 per dollar.

Nigeria’s stock market opened this week’s trading with bullish sentiments, underpinned by bargain hunting…

The Federal Government (FG) has revealed a plan to develop an Integrated National Electricity Policy,