Author: Marketforces Africa

Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), says an efficient judicial system

President Bola Tinubu has approved the appointment of a new Board and Management team

Africa’s richest man, Aliko Dangote, has announced plans to list his $20bn Dangote Petroleum Refinery on the Nigerian Exchange (NGX).

Oil prices fell below $80 per barrel early Monday as members of the Organization of the Petroleum Exporting Countries (OPEC) and allies (OPEC+) prepared to meet later this week.

The Bank of Ghana maintained the status quo on benchmark interest rate at 30.0% as the inflation rate slowed for the third month in a row in October.

Dangote Refinery has secured its first cargo deal of about 6 million barrels, ready for delivery, even as the much-anticipated project begins with 350,000 barrels a day next month, founder Aliko Dangote has disclosed.

In a splendid display, Zenith Bank heralded the Christmas and Yuletide seasons with the Light-Up of Ajose Adeogun Street and Roundabout, Victoria Island, Lagos, on Saturday, 25 November 2023. The Light-Up ceremony was performed by the Group Managing Director/CEO of Zenith Bank Plc, Dr. Ebenezer Onyeagwu.

Amidst a fluctuating global economic landscape marked by improved consumer confidence and a temporary halt in rate hikes, the 2023 global real gross domestic product (GDP) growth forecast has been adjusted upward to 2.4%, backed by robust employment conditions and substantial fiscal stimulus.

Exchange rates across the foreign exchange markets swing in different directions amidst a plan by the Central Bank of Nigeria (CBN) to boost the purchasing power of the local currency.

In terms of market valuation, Geregu Power Plc’s weight has increased and there is a possibility that the company could be joining the 13-digit gang on the Nigerian Exchange soon.