Author: Marketforces Africa

Prices of crude oil slid moderately on Monday as investors weighed the impacts of unsettled tension …

Traded at N1,400 per share in the stock market, Airtel Africa’s valuation jumped to N5.26 trillion

Nigerian big five banks’ combined market valuation has slipped below N4 trillion as a result of weak …

In the foreign exchange (FX) market, market participants traded the United States (US) dollar

Bayelsa Fails to Implement 30K Minimum Wage, Union Threatens Strike The Nigeria Union of Teachers (NUT) has threatened to commence an indefinite strike in public primary and secondary schools in Bayelsa over the N30,000 minimum wage and promotion arrears. The union took the decision at an executive meeting on Oct. 12, after an earlier three-day warning strike failed to compel the Bayelsa Government to act. The teachers had given a 14-day ultimatum to the government and local councils to address the plight of teachers across the state or face industrial action. The grievances, according to the NUT, include the inability…

The Federal Government (FG) says it is targeting to increase crude oil production to two million Barrels per Day (mbpd

The Federal Government of Nigeria is in the process of obtaining $1.5 billion in budget support from the World Bank

Equities investors in the Nigerian Exchange (NGX) recorded steep gains in four out of five trading sessions …

The International Monetary Fund (IMF) says it is playing an active role in mediating on the debt debacle facing some countries. The Managing Director of IMF, Kristalina Georgieva, said this

The Board of Directors of the African Development Bank(AfDB) Group had granted funding of $13.15 million to Burundi. The bank, in a statement on its website, said that the fund would help