Author: Marketforces Africa

The South African government’s projection that government debt/GDP will rise to 77.7% in the fiscal year ending March 2026 (FY26) is broadly in line with Fitch Ratings’ forecasts.

Neveah Limited, an Abuja-based leading commodity trading company, dealing in the export of solid minerals and agricultural products, said it redeemed its obligation of the N2.04 billion Series 13 Commercial Paper (CP) notes issued in July.

Oil prices slumped to a 10-week low on Tuesday due to stronger US dollar worsening energy costs while a weak macro sentiment outweigh more positive data from China.

The Nigerian naira exchange rates diverged after the local currency was launched into recovery with FX backlog settlement by the apex bank. The exchange rate crossed to N809.02 from behind amidst demand and supply imbalance.

The Nigerian Exchange (NGX) jumped by N155 billion on Monday, racing toward N40 trillion in market capitalisation projected by some stockbrokers.

As Saudi Arabia continues to voluntarily reduce production volume as an important member of the Organisation of Petroleum Exporting Countries and allies, Aramco, its national oil company has reported a steep decline in profitability.

The International Monetary Fund (IMF) on Tuesday upgraded its view of China’s economy, citing a better-than-forecast performance as well as moves to bolster its ailing property market.

An Assistant Secretary for U.S. Economic and Business Affairs, Ramnin Toloui, has forecast a 100 billion dollar revenue from Nigeria’s creative industries by 2030.

The Debt Management Office (DMO), on Monday, released two New Federal Government of Nigeria (FGN) savings bond offers for subscription.

Pension Fund Administrators (PFAs) staked about 65.2% of Nigeria’s total pension assets in the Federal government’s borrowing instruments, a review of a report posted by the pension commission showed.