Author: Marketforces Africa

Tata International to Expand Nigeria’s Operations Tata International is set to expand operations in Nigeria through a strategic partnership with the Lagos Free Zone (LFZ). In a statement, the company said the agreement was signed in the presence of Anand Sen, Managing Director of Tata International Limited, by Managing Director of Tata Africa Holdings Pty Ltd, Len Brand. This marks a significant milestone in the company’s commitment to the region, Tata said. With a rich legacy spanning over four decades, Tata International is a key contributor to the economic landscape of the African continent. In 2006, Tata International established operations…

The Nigerian Exchange (NGX) market capitalisation jumped by about N98 billion on Friday ….

GCR Ratings (GCR) has affirmed Fidelity Bank Plc’s national scale long and short-term Issuer ratings of A (NG) and A1 (NG) respectively. However, the lender outlook has been revised to stable from positive, according to the rating note.

Nigeria’s Gross Domestic Product (GDP) grew by 2.54% year-on-year in real terms in the third quarter of 2023, according to the latest report from the statistics office.

Nigeria is seeking to ramp up oil output as the country’s production level continues to increase.  The country’s output has surged following government efforts to curb oil theft and remove bottlenecks in production processes.

A report by Cadre Harmonise (CH) has alerted that about 26.5 million people in 26 states of Nigeria will face food crisis between June and August 2024.

Amazon workers in the UK will go on strike on Black Friday – one of the busiest shopping days of the year – in a long-running dispute over pay.

The equities market has running high during the intraday trading session as stockholders appear to increase buying momentum on banking stocks. This has triggered positive price movements in banking names, a midday report released by Alpha Morgan Capital Limited shows.

Oil prices swung as OPEC+ members altered their plans to digitally communicate output decisions after delaying their meeting for four days, flooding the markets with supply concerns.

Short-term benchmark interest rates rose to double-digit highs as the liquidity profile in the financial markets weakened further. There have been renewed pressures on liquidity in the financial system, worsened by debits for primary market auctions.