Author: Marketforces Africa

The Nigerian equity market slid by more than N64 billion on Tuesday, reversing its previous gain due to selloffs

After BUA Cement’s price slash, Dangote Cement Plc has denied reports that the company

NLNG Chief Philip Mshelbila Seeks More Investment in Gas Production Dr Philip Mshelbila, Managing Director of Nigeria Liquefied Natural Gas Limited (NLNG) has called on the Federal Government to increase investments in gas production to achieve its energy transition plan. Mshelbila stated this during the visit of Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), to the NLNG plant in Bonny, Rivers. This is contained in a statement issued by NLNG’s Acting Manager, Corporate Communications and Public Affairs in Port Harcourt on Tuesday. The managing director said the Federal Government must be deliberate in its adoption of gas as…

The average yield on Nigerian government bonds reached 14.40% following moderate selling activities on fixed interest instruments

The global prices of crude oil slid on Tuesday as Middle East tension reduced the demand outlook

SmartCash PSB, Thunes Partner on Remittances in Naira Smartcash Payment Service Bank (PSB) Ltd, a subsidiary of Airtel Africa says it is partnering with Thunes, a cross-border payment infrastructure provider to power international remittances in Naira to mobile wallets. Mr Muyiwa Ebitanmi, Managing Director, Smartcash PSB, made the disclosure in a statement on Tuesday in Lagos. Ebitanmi said that by the development, the digital bank had become one of the first financial services providers to offer Naira payouts to wallets since the Central Bank of Nigeria (CBN) approved the payout method this past June. He explained that the partnership would…

The International Monetary Fund (IMF) says global growth is forecast to slow from 3.5 per cent in 2022 to 3.0 per cent in 2023

The market value of Tier-1 banks has plunged deeply as a result of weak buying momentum in the stock market,

The share price of BUA Cement Plc (Ticker: BUACEMENT) inched upward by the maximum daily allowable rate

Rising to 38% in September 2023, consumer price inflation is running across the streets in Egypt amidst growing economic uncertainties