Author: Marketforces Africa

Amidst strong stock market rerating of banking shares, the United Bank for Africa (UBA) Plc has spun higher return than any of its peers in the banking sector. Its year-to-date return as investors

Equities analysts at Afrinvest Limited have kept shares of Fidelity Bank, FBNH and Stanbic IBTC on sell recommendation due to weak upside potential, detail from its week stock recommendation shows.

Uncertainties in the Nigerian economy heighten as the monetary authority suspends its meeting scheduled for November meeting. The apex bank first postponed its bi-monthly meeting in September amidst worsening macroeconomic indicators.

Zenith Bank is set to hold the third edition of its tech fair tagged “Future Forward 3.0”, holding on Wednesday, November 22 and Thursday, November 23, 2023, at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos, from 8.00 a.m. to 6.00 p.m. daily.

President Bola Tinubu has called for German investment in critical sectors of Nigerian economy such as power and rail transportation.

The average yield on the Federal Government of Nigeria (FGN) bond rose by 8 basis points

To support its working capital requirement, C&I Leasing Plc has opened its N5 billion commercial paper

Return on Afrinvest Equity Fund Spikes to 48.5% – Fact Sheet Afrinvest equity fund year-to-date returns neared 49% in October 2023, a fact sheet released by the investment banking firm showed. This came after it gained 5.8% above the September record. Weighing side by side with the local exchange return, the Afrinvest equity fund outperformed the local bourse which is currently behind 40%. The fund’s performance provides solid coverage against negative inflation conditions, preserving investors’ wealth via multi-asset allocation of funds to three major asset classes: Money market, bonds and cash. In October 2023, the headline inflation rate increased to…

Microsoft has hired OpenAI co-founders Sam Altman and Greg Brockman to head up a “new advanced AI research team,” the software conglomerate’s chief Satya Nadella said Monday, capping three days of intense discussions following the unexpected decision by OpenAI’s board to dismiss Altman.

We express our deepest condolences to the people of Libya for the tragic loss of life and widespread devastation caused by flooding in September.