Author: Marketforces Africa

The Federal government of Nigeria has revealed a plan to support local manufacturers with N75 billion

The Nigerian Exchange (NGX) market capitalisation went down by more than N158 billion

The naira tumbled at the Investors’ and Exporters’ foreign exchange (FX) window

Osagie Okunbor, Managing Director (MD) of Shell Petroleum Development Company of Nigeria…

Unity Bank Rolls Out Rewards to Celebrate Frontline Staff, Customers

Ecobank Nigeria has felicitated customers in commemoration of this year’s Customer Service Week

Oil prices fell midweek as the market balanced weak demand and tight supply

Naira Gains 1.4% as FX Transactions Settle at $81.12m The naira appreciated against the US dollar to N745.19 at the Investors and Exporters window on Tuesday as demand pressures eased. Compared with the previous rate, the local currency gained by 1.38 per cent from N755.27 it exchanged for the dollar before the Islamic holiday. Market data showed that the open indicative rate closed at N767.24 to the US dollar on Tuesday. A spot exchange rate of N819.90 to the greenback was the highest rate recorded within the day’s trading before it settled at N745.19. The naira sold for as low…

Due to equities investors’ large betting that started on Tuesday, the Nigerian Exchange rose by about N213 billion

Development Bank (AfDB) Group has reiterated commitment funding the construction of the Abidjan to Lagos highway. The bank, in a statement on its website, said it was playing a leading role in mobilising