- 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.
The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N4,189.96 recorded in September to N4,562.51 in October.
Gov. Umo Eno of Akwa Ibom has presented an Appropriation Bill of N845.63 billion for the 2024 fiscal year to the state House of Assembly for consideration and approval.
An Enugu State High Court presided over by Justice Chukwunweike Ogbuabor on Tuesday adjourned a N4 billion lawsuit against First Bank of Nigeria Plc to Jan. 16, 2024, for hearing.
An FCT High Court on Wednesday admitted the suspended Central Bank of Nigeria (CBN) Godwin Emefiele to bail in the sum of N300 million.
The European Union (EU) has promised to support Nigeria with €30 million for the next five years toward enhancing the fight against corruption.
Gov. Abba Yusuf of Kano State has presented an additional N24 billion 2023 supplementary budget to the House of Assembly for approval.
Nigeria Plans to Re-establish National Shipping Line
Nigeria stocks rebounded with about N32 billion gain after the local exchange opened the week on a negative note, resulting in a more than N57 billion decline in market cap.
Fitch Ratings has downgraded Nigeria-based Coronation Merchant Bank Limited’s (CMB) Long-Term Issuer Default Rating (IDR) to ‘CC’ from ‘B-‘ and its Viability Rating (VR) to ‘cc’ from ‘b-‘.
Nigerian Breweries Plc is considering paying N7.01 billion for the proposed acquisition of 80% economic and voting rights in Distell Wines and Spirits Nigeria (DWSN) and 100% of Distell’s import business in Nigeria is ₦7.01 billion, its transaction document obtained by MarketForces Africa revealed.