- Ethiopia Unlocks Access to $484 Million IMF Loan
- Banks’ Loans to Grow by 20% as New Capital Boosts Lending Appetite -Note
- XRP Rallies as Ripple Unveils XRPL Lending Protocol Plan
- Naira Rallies as Interbank FX Turnover, Deals Count Decline
- Dangote, Aradel Selloffs Drag NGX Index, Investors Lose N2.4trn
- EU Cuts Steel Import Quotas to Protect Industry
- NGX Delivers 47% Return as Investors Gain N48trn in 6 Months
- US Lifts Restriction on Anthropic’s Claude Fable, Mythos 5
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.
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
Nigeria’s external reserves declined by more than $523 million in three days after the Central Bank of Nigeria…
The average yield on Nigeria’s US dollar denominated bond in the international debt capital market..
Rate on 1year Treasury Bills Declines to 12.55% Spot rate on 1year Nigerian Treasury bills declined to 12.55% at the primary market auction conducted by the apex bank. According to the auction result, the Central Bank of Nigeria (CBN) crashed spot rates on Treasury bills despite a lower bid ratio at its midweek auction sales. MarketForces Africa reported apex bank would roll over maturing T-Bills totalling N214.74 billion as part of an effort to manage liquidity in the economy. Detail from the CBN auction result showed that stop rates for the 91-day fell to 4.50%, losing 69 basis points from…
Market prices of crypto assets fell on Wednesday due to retail investors selling down amidst global econo
The Nigerian local currency, the naira, lost 3.57% to rising foreign currency demand at the Investors and Exporters