- Market Index Soars as Nigerian Exchange Inches Near N165trn
- Ripple Receives Final OCC Approval to Establish National Trust Bank
- GTBank Launches Google Pay for Secure Online Payments
- 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
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 Treasury bills slumped to 13.6% after the Central Bank’s midweek primary market auction (PMA).
Nigeria’s foreign exchange reserve bumped after gaining traction for four weeks amidst pressures in the global crude oil market. Having stagnated for a long, the gross external reserve has been ascending lately due to improved crude oil production volume and above 2023 budget benchmark market price.
Ahead of the consumer price index data release, Afrinvest Limited has projected that Nigeria’s headline inflation rate would accelerate by 102 basis points to 27.9%.
African Development Bank (AfDB) has finalised arrangements to disburse 618 million dollars to Nigeria under the Investment in Digital and Creative Enterprise
Amidst macroeconomic inconveniences, Nigeria’s sovereign bond benchmark yield shot up by 27 basis points as foreign investors in the international market adjusted their appetite as Africa’s largest economy struggles to rise.
Jean-Louis Ekra, Deputy Chairperson, Intra-African Trade Fair (IATF2023) Advisory Council, says the African Continental Free Trade Area (AfCFTA) can break Africa’s colonial legacy of exporting raw materials and importing finished goods.
Dangote Group’s Executive Director, Commercial Operations, Hajia Fatima Aliko-Dangote has …
Cadbury Nigeria Shrinks Amid 81% Drop in Equity Capital Cadbury Nigeria Plc got a valuation haircut after it lost about 9% due to selloffs. Unimpressed investors dumped the company shares after a steep earnings loss in nine months of the financial year 2023. According to the company’s unaudited result for nine months of the financial year 2023, total equity shrunk by 81% after it posted more than N20 billion unrealised foreign exchange loss. The consumer goods producer is confronted with challenges from sizeable foreign currency-denominated liabilities and pressures from Nigeria’s operation amidst rivalry with competitors. On Friday, the stock market…
Equities investors in the Nigerian Exchange (NGX) recorded more than N368 billion as a gain due to sustained …
The Nigeria Liquified Natural Gas, (NLNG) Ltd., says the shortage of Foreign Exchange (FX), the Federal Government’s import and Value Added Tax (VAT) is responsible for the rising cost of cooking gas in Nigeria.