- NGX Delivers 47% Return as Investors Gain N48trn in 6 Months
- 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
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.
Naira Depreciates by 4% as Forex Demand Increases The Nigerian naira exchange rates worsened across the currency markets on Monday amidst lingering FX challenges in the economy. At the official window, the naira depreciated by more than 4% as demand pressures shifted the exchange rate curve. Last week, the naira regained strength across the foreign exchange market as a result of a slowdown in forex pressures, supported by large inflows into the Investors and Exporters window in September. US dollar scarcity in the economy became well pronounced due to poor FX policy choice under the erstwhile governor of the Central…
The Nigerian Exchange (NGX) recorded more than N355 billion daily gain on Monday as investors queued for BUA Cement shares
The Central Bank of Nigeria (CBN), has assured Nigerians that its digital currency, eNaira posed no threat to financial stability.
Oil prices increased strongly on Monday over fresh supply concerns triggered by the conflict between Palestine and Israel.
FPIs Sell MTNN, Buy Airtel to Aid Fund Repatriation Amidst Nigeria’s foreign currency (forex) crisis, foreign portfolio investors (FPIs) pitched their tents with Airtel Africa amidst a reduction in transactions while selloffs hit MTN Nigeria Plc shares. MTN Nigeria was faced with selloffs that plunged its market price down to N250 on Friday, according to data from the Nigerian Exchange (NGX). Generally, the local bourse has given up gains as investors’ sentiment started to wane. Last week, Airtel Africa Plc gained 8.53% due to an increase in buying momentum in the telecom company shares. Foreign interests were active, buying…
The United Bank for Africa (UBA) has continued to distinguish itself in the banking industry with financial products
There was a strong increase in foreign currency inflows into the Investors and Exporters FX window
Amidst disagreement over its Nigerian Agip Oil Company acquisition, the share price of Oando Plc
MTN Nigeria Plc’s (Ticker: MTNN) share price plunged more than 5% to N250 due to profit-taking activities …
Nigerian banks’ balance-sheet structures have helped to ensure continued compliance with minimum capital requirements