- Pension Fund Assets Rise to N31.8trn in August- PenCom
- OpenAI Released GPT-6.1 Sol Model, Priced Below Competitors
- NCC Seeks Greater Digital Infrastructure Investment at Nigeria Digital Connectivity Investment Forum
- No Date Yet for IPO, Listing Decision Rests with Stakeholders – NNPC
- OMO Bills: CBN Raises N4.7T from Investors as Subscription Hits N6.4T
- NVIDIA Tokenized bStocks Dips as Investors Book Profits
- Kora Adds Stablecoin Payments for African Merchants Through One Rail
- NGX Index Slumps as GTCO, BUA Shareholders Trim Holdings
Author: Marketforces Africa
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The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has increased the benchmark interest rate
Bonds and Treasury bills yield steady as the market awaits the central bank of Nigeria’s decision on key policy rates.
The Central Bank of Nigeria (CBN) has withdrawn a total of 179 microfinance banks
IMF: Britain to Avoid Recession in 2023 The UK is no longer expected to fall into recession in 2023, thanks to resilient demand and supply, though the outlook is still subdued due to high inflation and the resulting monetary tightening, the International Monetary Fund said Tuesday. The IMF anticipates a 0.4% economic growth for Britain in 2023, upgraded from its previous estimate of a 0.3% contraction. The revised forecast reflects faster wage growth in relation to inflation, improved government spending and rising confidence following Brexit, further boosted by lower energy prices and normalization in the global supply chains. With disinflation…
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