- 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
- NCC Pushes Faster Fibre Rollout, Says Broadband Key to $1trn Economy
- FG to Launch Platforms to Enhance Transparency, Track Performance of MDAs
- Tax: Lagos Chamber of Commerce Seeks One-Month CIT Filing Extension, Waiver
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.
EQUITY TRACKER: Shares of Unity Bank Plc spiked by 44% after its earnings release after …
Traded at a historic low, the Nigerian naira lost N7.83 on each US dollar transaction conducted at the Investors and exporters
The equities segment of the Nigerian Exchange (NGX) popped higher by more than N60 billion
Ratings agency Fitch affirms Stanbic IBTC Holdings’ top-notch ratings with an outlook accorded as stable
Headline inflation pressure eased in Rwanda for the second straight month to 22.4% in May 2023
‘Benjamin’ came to the market yesterday as Etransact International, Secure Electronic Technology Plc,
Accounting for about 40% market share, MTN Nigeria remains the most preferred telecom service provider
The average yield on the Federal Government of Nigeria (FGN) bonds moved in a mixed direction
In the foreign exchange market, the naira holds its previous position against the United States dollar
FBNH Halts Uptrend After Earnings Downturn Equity tracker: FBN Holdings Plc’s uptrend has slowed down after a more than 10% year-on-year decline in its earnings per share in the financial year 2022, according to its results. However, the group saw a strong profit jump in the first quarter of 2023 despite the naira redesign crisis. Data from the Nigerian Exchange showed that the group market valuation has fallen below N500 billion due to selloffs by unimpressed equity shareholders of the company. MarketForces Africa’s review indicated that the financial service company’s single largest shareholder Femi Otedola sold a large part of…