- XRP Jumps as Ripple, Coinbase Partner to Expand Access to RLUSD
- Affordable Energy Critical to Nigeria’s Climate, Economy- Presidency
- Oil Rises as Attacks on Saudi Energy Assets Raise Supply Concerns
- MTN Plans Large Data Centre in Nigeria – Mupita
- CBN to Consider Banks’ Challenges over Data Localisation
- Oyedele Defends Nigeria’s $21.7 Billion Borrowing Proposal
- UBA Breaks New Ground with Google Pay for Visa, Mastercard Users
- CBN Trims Interest Rates on Treasury Bills, Raises N71bn
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.
China’s central bank has cut a key interest rate amid concerns about the post-pandemic recovery
Somalia has banned TikTok, messaging app Telegram and online-betting website 1XBet to limit the spread of indecent
Nigeria’s Net FX Reserves Drop to $3.7bn in 2022 –JP Morgan JP Morgan, an American financial services firm, estimated that Nigeria’s net foreign exchange (FX) reserves dropped to $3.7 billion as of 2022. According to the firm’s latest report titled ‘Nigeria: Reform pause rather than fatigue’, the $3.7 billion figure is significantly lower than prior estimates, owing to larger-than-expected currency swaps and borrowing against existing reserves. “Based on partial information from the audited financial accounts, we estimate that CBN’s net FX reserves were around US$3.7bn at the end of last year, from US$14.0bn at end-2021,” the report said. The firm…
After closing negative in the just concluded week, the global crude oil prices were up as tight supply…
Ghana is gearing up to welcome the 12th edition of the African Peering and Interconnection Forum (AfPIF), marking the event’s second appearance
For CSL Stockbrokers, MTN Nigeria Plc is a buy over what the investment firm’s analysts called decent numbers…
The Nigerian Independent Petroleum Company (NIPCO) Plc has promised to deepen its investment in the country’s hydrocarbon industry in the face of the recent full deregulation of th…
The Nigerian Exchange (NGX) equities segment lost weight following profit-taking activities
Investment banking experts and analysts at Cowry Asset Management Limited have estimated a 25.05% inflation rate
Dangote Cement Reclaims Position, Market Value Hits N6trn Dangote Cement Plc has returned to the top of the chart as the most valued brand among companies listed on the Nigerian Exchange (NGX) after a successful share buyback programme. It was sold at N360 per share last week, and its market valuation was N6.134 trillion spread on 17.04 billion shares outstanding. The cement company had fallen off the cliff when its share price spiralled downward. Dangote remains a leader among the cement oligarchy family in Nigeria. Its volume production increased by about 10% in the second quarter of the year despite…