Author: Marketforces Africa

Paris made a commitment in Abuja on Friday to return 150 million dollars of deceased Gen. Sani Abacha’s loot frozen in France.

Retail lender, Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended September 30, 2023

The Food and Agriculture Organisation (FAO) says no fewer than 26 million Nigerians in Borno, Sokoto and Zamfara States including the FCT may face a food crisis between June and August 2024.

Zambia’s agreement with Eurobond holders could reduce the country’s debt default risk, according to Fitch Ratings. The authority is striving to boost fiscal performance and drive economic growth following its debt default that locked out the country from external financing.

Gold pushed back above the US$2,000 mark early on Friday as the dollar and …

Gov. Umo Eno of Akwa Ibom has approved N450 million counterpart fund for the Nigeria For Women Project, a World Bank project targeted at empowering the women

The Nigerian naira is clawing back losses from the alternative FX market, according to data obtained from Binance and other P2P platforms. Today, pressures in the open market have also eased.

The US dollar fell against its major trading partners early Friday, except for a small increase versus the Canadian dollar, ahead of the October employment report due for release.

The price of Bitcoin shed 3% over the past 24 hours, now trading below $34,400 from about $36,000, its highest level since May 2022.  It has since rallied 70% to $34,300.  Due to improved sentiment, the most expensive crypto asset has rallied some 30% in weeks.

Prices of crude oil increased as the US dollar weakened after the Fed’s decision to keep rates. Brent crude is up 0.6% at $87.34 a barrel while West Texas Intermediate is 0.7% higher at $83.07 a barrel.