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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 International Energy Agency, IEA, has raised its 2023 oil demand growth forecast to 2.4 million barrels per day, lifting demand to 102 million barrels per day for the year.
The consumer inflation rate in Ghana slowed to 35.2% year on year in October from 38.1% in September, the statistics service said on Tuesday. The decline in headline inflation was attributed to moderation in the food price index, supported by government policy redirection.
The yield on the UK’s 10-year Gilt edge moderated to 4.31% after economic data showed British employment growth slowed in the third quarter.
In Nigeria’s sovereign Eurobonds (US dollar bonds) market, activity level was dominantly in the bullish region as positive sentiments pervaded the movement in yields. Foreign investors in the international market pushed demand higher as US Treasury yield reversed.
Mr Chiedu Ugbo, Managing Director, Niger Delta Power Holding Company (NDPHC), says the debt profile of Nigeria’s power system stands between N150 billion and N180 billion.
Nigeria offered higher spot rates on the local government monthly bond sales in the primary market, according to auction results conducted by the Debt Management Office (DMO).
The Afreximbank has signed a 150 million dollar trade finance facility agreement with United Bank for Africa (UBA) PLC, under the Ukraine Crisis Adjustment Trade Financing Programme for Africa.
The average yield on Nigerian Treasury bills slid by 2 basis points (bps) to 13.35% ahead of inflation figure for the month of October 2023 set to be released by the statistics office.
Wigwe University on Tuesday said it will officially begin operations in September 2024…
The House of Representatives has ordered the Industrial Training Fund ( ITF), to account for over N12 billion