Author: Marketforces Africa

Market valuation surged to about N236 billion as Alpha seekers took a special interest in Transcorp Plc.’s

The Central Bank of Nigeria (CBN) said there is no plan to commence weekly foreign currency sales to Bureau de Change

Analysts have lowered their oil production expectation for the third quarter of 2023 to 1.3 million barrels

Tracking below 65% loan-to-deposit ratio targets, Nigeria’s big banks’ loan appetite moderated in the first quarter of 2023

Real estate services surged by 1.87% in the second quarter of 2023 amidst uncertainties, and declining occupancy

Producers GDP Shrinks 15% over Inflation, Interest, FX Hurdle Nigeria’s large buckets of uncertainties stoked pressures on the productive segment of the economy in the second quarter of 2023, according to recently published data from the statistics office.  Growth slumped in the second quarter, an aftermath of multiple pressures facing the economy. In the second quarter of 2023, the manufacturing sector growth rate slipped negative, down by about 15% in three months amidst uncertainties triggered by running inflation, interest rate and foreign exchange hurdles. Worrisome macroeconomic indicators affected the sector’s performance, according to corporate analysts. Amidst tight household wallets, there…

It is the Fed’s job to bring inflation down to our 2 per cent goal, and we will do so.

Nigeria Endorses Commonwealth Roadmap on Fast-Tracking Gender Equality Women’s affairs ministers from Commonwealth countries, including representatives from Nigeria, have committed to a roadmap yesterday, designed to scale up efforts to achieve gender equality and empower women and girls, especially in climate action. The roadmap was the result of three-day deliberations among ministers at their triennial Commonwealth meeting in The Bahamas this week. It was also shaped by input from a range of stakeholders, including domestic violence survivors, civil society representatives and women with disabilities. As part of this roadmap, women’s affairs ministers pledged to enhance efforts to address inequality in…

The Securities and Exchange Commission (SEC) says that the unclaimed dividends figure in the nation’s capital market

Amidst growing uncertainties in the macroeconomic environment, Nigeria’s Gross Domestic Product (GDP) grew by 2.51%