Author: Marketforces Africa

Gov. Bassey Otu of Cross River says his administration has secured a private sector investment of 15 million dollars for the Ayip Eku Oil Palm Estate in Akamkpa Local Government Area of the state.

The Vice President, Kashim Shettima, on Saturday in Maiduguri lamented that Boko Haram insurgency had inflicted damages in the North-East, to the tune of…

Retail lender, Unity Bank Plc grew its deposits to N333.38 billion, representing a marginal increase of 2%

The number of electricity consumers rose by 200,000 from 11.27 million in the first quarter of 2023

Riding the waves of high levels of sanctions, the Russian Federal Government recorded a budget deficit

The leaders of the International Monetary Fund and World Bank on Thursday tasked nations to come together

The Nigerian Exchange (NGX) equities market lost about N112 billion on Thursday as investors ..

Naira Value Rises by 4.5% Amidst FX Backlog Payment The Nigeria naira value rose by more than 4.5% on Thursday at the Investors and Exporters foreign exchange (FX) window as demand pressures slowed down after the Central Bank of Nigeria (CBN) announced a plan to clear the backlog. The naira has been under demand pressures across FX markets as a result of the US dollar shortage in the economy. Recent data from the statistics office showed that export receipts declined 5.20% year on year. In spite of that, over the last 12 months, Nigeria’s trade position has improved as the…

Nigerian crude oil cargoes for September are unsold as major buyers, price sensitive Indian government

Nigeria’s total exports dropped by 5.2% year on year to settle at about N6.5 trillion at the end of the second quarter