- NVIDIA Tokenized bStocks Down on Broader Crypto Selloffs
- XRP Lost 7% as Investors Take Quick Profits in Altcoins
- Naira Climbs as Interbank FX Turnover Declines by 80%
- Nigerian Exchange Indicators Surge as Investors Gain N779bn
- XRP Hovers at $1.30 as Ripple Says Customers, Partners Increase 3x
- Sterling Financial Bolsters Earnings, Grows Profit by 37% to N97.28bn
- South African Rand Steadies as Investors Digest Fed Rates Decision
- Nigeria’s 20-Year US Dollar Bond Yield Falls to 8.50%
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.
As demand eclipsed market supply, more Nigerian naira was required to obtain a United States (U.S.) dollar
IMF Reaches Agreement with Kenya on Credit Facility The International Monetary Fund (IMF) has reached a staff-level agreement with Kenya on the fifth review of the Extended Fund Facility and Extended Credit Facility Arrangements and the Resilience and Sustainability Facility. Haimanot Teferra led the team that visited Nairobi for the fifth review of Kenya’s economic program supported by the IMF’s Extended Fund Facility (EFF) and Extended Credit Facility (ECF). The arrangements were approved by the IMF Executive Board on April 2, 2021. Including augmentation at the time of the fourth reviews, these arrangements provide access to a total amount of…
Apple Inc said it has entered a multi-billion-dollar deal with chipmaker Broadcom Inc to use chips
Africa e-commerce giant, Jumia Technologies AG, announced today that its operating loss moderated in the first quarter of 2023
The Bank of England has admitted it made errors in its forecasting of United Kingdom (U.K.) inflation
Following a moderate buying momentum in the secondary market, the average yield on Nigerian Treasury bills
The average yield on Federal Government of Nigeria (FGN) bonds slumped to 14%
The Nigerian Exchange (NGX) opened positive on Monday as buying interest in large, mid and small cap stocks
Dangote Refinery to Generate $21bn, Employs Youths Amid encomium from eminent personalities, which included President Mohammadu Buhari and five other African heads of state, President of the pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote disclosed yesterday that the newly commissioned 650,000pbd refinery would employ over 100,000 Nigerians youths as well as generate over $21 billion, therefore saving the country huge forex, that would have been used for fuel importation. The company, according to him, now has over 33,000 employees. Much to the excitement of Nigerians, Dangote said the commissioning has marked the beginning of a new journey of self-sufficiency…
Bank of Ghana has kept the benchmark interest rate unchanged at 29.5%, Governor Ernest Addison