Author: Marketforces Africa

The Kano Area Command of the Nigeria Customs Service (NCS) said on Thursday it had collected about

BUA has revealed its plan to inaugurate a new cement plant in Sokoto State by January 2024. Alhaji

Benchmark yield on Nigeria’s US dollar bonds or Eurobond ticked up midweek as foreign investors…

Naira Consolidates as External Reserve Increases Riding a post-shock recovery, exchange rates at the official and parallel markets diverge again as the United States (US) dollar scarcity challenge remains untamed despite multiple efforts by the Nigerian government. Consolidating its position against the US dominance, the naira clawed back a large daily loss reported earlier in the week, trading at N786 against a greenback after hitting red lines multiple times in October 2023. According to FX traders, the worst unofficial daily loss reported on Monday was driven by a surge in FX demand logged by importers, and manufacturers at the Nigerian…

The Nigerian private sector dipped into contraction in October as a record increase in input costs

The US dollar rose against its major trading partners early Wednesday, except for a small pullback against the yen

Amidst a shift in risk sentiment in the fixed income market, the average yield on Nigerian Treasury bills

BUA Foods Plc delivered an impressive 54% year-on-year growth in net profit, up about 54% year on

Nigeria successfully met its ambitious target of fully vaccinating 70 per cent of its population against the COVID-19

Oil prices increased ahead of the US Federal Reserve (Fed) meeting. Brent crude traded at $85.72 per barrel, a 0.82% increase from the closing price of $85.02 a barrel in the previous trading session on Tuesday.