Author: Marketforces Africa

The Chartered Institute of Personnel Management (CIPM) says the institute is determined to tackle Human Resources (HR) management quackery to address its fallouts across various sectors of the Nigerian economy.

Foreign investors sold Nigeria’s sovereign US dollar bonds in the international debt market due to a shift in risk sentiment. The market price of Eurobonds rose, though later moderated slightly amidst seesaw buying, and selling activities in the market. 

The Nigerian bonds traded quietly in the secondary market with a bearish tilt that lifted the benchmark yield higher, albeit, marginally amidst weak macroeconomic conditions.

Non-resident holdings of South African domestic government debt are somewhat high, S&P Global said in its African domestic debt report, adding that this exposes the sovereign to shifts in foreign investor sentiment.

Ghana’s 55% debt as a proportion of gross domestic product (GDP) target for 2028 does not appear feasible, S&P Global Ratings said in an African Domestic Debt report.

Dr Aminu Maida, the Executive Vice-Chairman, Nigerian Communication Commission (NCC) on Wednesday highlighted the importance of Technology as a Service (Taas) to the nation.

Vice President Kashim Shettima has reiterated President Bola Tinubu’s commitment to the overall development of the Niger Delta and other parts of the country.

The US dollar rose against its major trading partners early Wednesday ahead of an appearance by Federal Reserve Chairman

The Nigerian Exchange (NGX) extended the previous day’s rally, having popped higher in the past two days amidst improved buying sentiment.

Brent crude oil price rose moderately midweek while West Texas Intermediate (WTI) slumped further following a significant price slump on Tuesday amidst conflict in the Middle East.