- UBA Seeks Jail Term for WEMPCO Directors in N61bn Loan Recovery Drive
- Tinubu Seeks NASS Consent to Access $20.5bn, €1.4bn Loans
- Nvidia’s $3bn Meta Bet Exposes Major AI Unknown
- Big Bang: Over £1trn of Equity Capital Raised Since 1986 – LSE
- 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
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.
The average yield on Nigerian government bonds climbed to 15.74% on Tuesday amidst high inflation rate expectations. The secondary market witnessed selloffs across tenors with investors showing particular interest in very long-dated borrowing instruments.
President Bola Tinubu has assured Nigerians that the Federal Government would reverse the worrisome trend in the economy.
Nigeria’s inflation rate ran to 27.33% in October 2023, the statistics office said in its monthly consumer price index report. Again, the increased consumer pressure was driven by a surge in food inflation.
The African Export-Import Bank (Afreximbank) says it is set to inaugurate the African Energy Bank in June 2024 to mitigate the crisis in the African energy sector.
The Nigeria Customs Service, Seme Area Command, Lagos State, said on Tuesday that it generated a total sum of N3.05 billion in 10 months.
Gov. Umar Namadi of Jigawa on Tuesday presented N298.14 billion estimates for the 2024 fiscal year to the Jigawa State House of Assembly.
Marking a significant milestone in the African cryptocurrency industry, Yellow Card has become the first fintech on the continent to launch PayPal USD (PYUSD).
The equities segment of the Nigerian Exchange (NGX) rebounded with about N146 billion gain ….
Cordros US dollar fund year-to-date return cleared at 6.22% in October 2023. The US dollar asset underperformed by 0.16% month on month, though ahead of the coupon benchmark of 6.13%.
Futureview US dollar fund year-to-date return cleared at 7.42%, the financial services company said in an update. Return on the investment stands ahead of FGN 5-Year Eurobond year-to-date yield of 3.42%.