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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.
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.
Controller-General of Nigeria Customs Service, Mr Adewale Adeniyi, says the service has recorded an impressive surge in monthly revenue collection from N202 billion to N333.9 billion in the past four months.
Connected Development (CODE) said 47 projects worth $2.8million have been tracked by communities in Kaduna State through its Deepening Citizens’ Interest in Government Spending and Addressing Accompanying Corrupt Practices (DeSPAAC) project.