- Oil Prices Rise as US, Iran Strikes Raise Supply Risks
- Rising US Inflation Brings Persistent Overshoot Into Focus
- Naira Falls as Foreign Investors’ Equity Selloffs Intensify FX Demand
- 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
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.
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.
The Nigerian Exchange market capitalisation rose further on Friday as equities investors ….
Rising demand for the US dollar has kept the naira in a cage for the most part of the year. Amidst gory predictions, Nigeria’s local currency, the naira roared deep at the official market after losing 14% due to increased demand for the US dollar on Thursday.