- N2.34trn Wiped Off Nigerian Market as MTN, Dangote Sink
- 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
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.
Nigeria’s inflation rate ran to 27.33% in October 2023, the statistics office said in its monthly consumer price index report. Again, the increased consumer pressure was driven by a surge in food inflation.
The African Export-Import Bank (Afreximbank) says it is set to inaugurate the African Energy Bank in June 2024 to mitigate the crisis in the African energy sector.
The Nigeria Customs Service, Seme Area Command, Lagos State, said on Tuesday that it generated a total sum of N3.05 billion in 10 months.
Gov. Umar Namadi of Jigawa on Tuesday presented N298.14 billion estimates for the 2024 fiscal year to the Jigawa State House of Assembly.
Marking a significant milestone in the African cryptocurrency industry, Yellow Card has become the first fintech on the continent to launch PayPal USD (PYUSD).
The equities segment of the Nigerian Exchange (NGX) rebounded with about N146 billion gain ….
Cordros US dollar fund year-to-date return cleared at 6.22% in October 2023. The US dollar asset underperformed by 0.16% month on month, though ahead of the coupon benchmark of 6.13%.
Futureview US dollar fund year-to-date return cleared at 7.42%, the financial services company said in an update. Return on the investment stands ahead of FGN 5-Year Eurobond year-to-date yield of 3.42%.
The International Energy Agency, IEA, has raised its 2023 oil demand growth forecast to 2.4 million barrels per day, lifting demand to 102 million barrels per day for the year.
The consumer inflation rate in Ghana slowed to 35.2% year on year in October from 38.1% in September, the statistics service said on Tuesday. The decline in headline inflation was attributed to moderation in the food price index, supported by government policy redirection.