- Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings
- T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion
- Oil Prices Rise on Tit-for-Tat US, Iranian Strikes
- XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume
- CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions
- Dangote Cement Opens at 19% Discount to 52-Week High
- FirstHoldco Surges by10% as Investors Buy the Dip
- Zenith Bank Rallies as Investors Chase Upside Potential
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.
As risk-off sentiment doused, foreign investors increased their position in Nigerian sovereign US dollar bonds. The trading pattern observed in the international market showed that US Treasury yields have been swinging following the Federal Reserve’s decision to maintain the status quo on rates. The market has been reacting to Jerome Powell’s hawkish tone.
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and Sterling Bank have set aside N5 billion loan for small businesses.
GCR Ratings (GCR) has affirmed AIICO Insurance Plc’s international and national scale financial strength rating of B- and AA
The Board of Jaiz Bank Plc has approved the appointment of Mr Haruna Musa, as the Managing Director
The Federation Account Allocation Committee (FAAC), on Wednesday, shared the sum of N906.955 billion among the three tiers of government as federation allocation for the month of October.
Gov. Nasir Idris of Kebbi, on Wednesday, presented a budget proposal of N250.1 billion for the 2024 fiscal year to the state House of Assembly.
The Deputy Senate President, Sen. Barau Jibrin says agency banking contributes seven trillion Naira annually in transaction value.
The Gombe State government has signed a N12 billion contract with Triacta Nigeria Limited for a 21-kilometre gully erosion control works in six communities within Gombe metropolis.
EU Allocates €1M for Fight Against Diphtheria Outbreak in Nigeria
The National Bureau of Statistics (NBS), says the average retail price of a litre of petrol increased from N195.29 in October 2022 to N630.63 in October 2023.