Author: Marketforces Africa

Cryptocurrency traders reacted negatively as Dogecoin sinks following Twitter’s logo display switch doge

Due to activities of profit takers, Nigeria’s debt market closed on a bearish note in March amidst buckets

Threatened by a N120 million Court judgment awarded to accident victims, three subsidiaries of BUA Group

In an effort to support its working capital requirement, Flour Mills of Nigeria has quoted about N65 billion

The African Development Bank (AfDB) signed a 525,000 dollar agreement to support Africa Fintech Network’s (AFN)

The International Monetary Fund (IMF) Executive Board has approved a two-year arrangement for Morocco …

Fitch has affirmed Germany’s Long-Term Foreign-Currency Issuer Default Rating at ‘AAA’ with a Stable Outlook.

CRR Refund Boosts Nigerian Banks’ Liquidity Positions The Central Bank of Nigeria’s (CBN) Cash reserve debits refund released to deposit money banks (DMBs) in Nigerian halted the deficit run in the financial system on Monday. With the inflows, the financial system’s liquidity level improves, forcing a downward rate repricing on short-term benchmark rates in the money market. As a result of pressures on their respective liquidity position, banks have been borrowing from the CBN lending facility. Deposited sum at the alternative window for cash-rich lenders has been minimal –signalling possible pressures on liquidity. At the close of business, there is…

The Debt Management Office, on Monday offered two Federal Government of Nigeria Savings Bonds

Oil edges higher first trading day in the new week amidst a weak supply outlook following large production cut