- US Lifts Restriction on Anthropic’s Claude Fable, Mythos 5
- NCC Pushes Faster Fibre Rollout, Says Broadband Key to $1trn Economy
- FG to Launch Platforms to Enhance Transparency, Track Performance of MDAs
- Tax: Lagos Chamber of Commerce Seeks One-Month CIT Filing Extension, Waiver
- Oil Prices Increase on US, Iran Back-and-Forth Negotiations
- BOI, Kuramo Capital Sign Deal on $170m iDICE Funds Management
- South African Rand Faces Pressure over Deficit Trade Data
- Wall Street Up as Tech Stocks Dominate Global Markets Theme
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.
Oil prices jumped on Thursday on account of positive demand outlook in the United States and China …
China’s economic growth moderated in the third quarter of 2023, with gross domestic growth (GDP) coming at 4.9%
Moody’s has assigned a first-time Caa1 corporate family rating (CFR), and Baa3.ng national scale rating…
GCR Ratings (GCR) has affirmed DLM Capital Group Limited’s national scale long-term and short-term issuer ratings of BBB-
The House of Representatives Committee on Finance says it plans to block revenue leakages …
Equities Investors Lose N89bn as Inflation Worsens The Nigerian Exchange (NGX) plunged by more than N89 billion on Monday as the inflation rate worsened. The spate of increase in Nigeria’s headline inflation dragged the market performance lower by 0.24%, according to stockbrokers. Last week, the Nigerian Exchange gained about N410 billion to close the week in the green, recording 4 positive closes and one bearish session despite uncertainties in the economy. The market however retreated on Monday. The reduction in stock market capitalisation was propelled by profit-taking in medium- and large-scale stocks. The equities market recorded marked selloffs in STANBIC,…
Nigeria’s headline inflation rate increased to 26.72% in September 2023, a 92 basis point increase from 25.80%
Reps to take Delivery of N130m Worth Utility Prado Jeeps for Lawmakers The House of Representatives has confirmed that the National Assembly is in the process of procuring and distributing utility Prado jeeps, worth N130 million to lawmakers. Rep. Rotimi Akin, the Spokesperson of the House of Reps said this in a statement in Abuja on Sunday night, coming at a time Nigerians are grappling with economic hardship. Akin said the initiative aligned with existing procurement laws, adding that it was a customary practice in previous assemblies. He said the distribution concerned vehicles tied to lawmakers’ oversight functions in the…
The Dangote Sugar Refinery (DSR) employs no fewer than 7,000 workers yearly in its Backward Integration Project
Unity Bank customers, Nmeregini Chukwuebuka and Sharif Yusuf Mohd have emerged as winners of 500,000