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.

T-Bills Rally On Sizeable Market Liquidity, Yields Slump Fixed income investors resume buying bills in the secondary market for the local Treasury Bills market after weekend selloffs ahead of the Central Bank of Nigeria’s (CBN) primary market auction tomorrow. Sizeable liquidity in the financial system pushes interest on short-term instruments higher. However, market investors have started to weigh the multiple impacts of rising inflation, and weak local currency on naira assets. Last week, the Nigerian Treasury Bill started with notable selloffs, pushing the average benchmark yield to 6.46% on Monday. However, the market remained relatively quiet for the rest of…

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Stanbic IBTC Nominees Wins Global Finance’s 2023 Best Sub-Custodian Bank in Nigeria Stanbic IBTC Nominees, a subsidiary of Stanbic IBTC Bank, has been honored with the prestigious Best Sub-Custodian Bank Award in Nigeria at the 2023 Global Finance Awards. This feat marks the 15th time the Bank has received this esteemed honour, reaffirming its commitment to providing innovative and efficient services to clients worldwide. The award recognises Stanbic IBTC’s dedication to customer relations, service quality, competitive pricing, and local regulations and practices compliance. The evaluation period for this award spanned from 01 January 2022 to 31 December 2022 and incorporated…

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