Author: Marketforces Africa

The average yield on the Federal Government of Nigeria’s (FGN) bonds traded flattish …

NGX Slumps as Investors’ Switched Trade Direction Following a late switch in market direction, the equities segment of the Nigerian Exchange, NGX, slid Thursday over selloffs in a number of, banking and Insurance companies’ shares after three days of rallies. The decline occurred following a quarterly report that indicates that the Nigerian insurance sector expanded in the fourth quarter of the financial year 2022. Today’s sell-down was driven by weaker investment as investors weigh Nigeria’s rising inflation and increased benchmark interest rate. Consequently, the Nigerian Exchange’s key performance indicators worsened while year to date performance of the local bourse moderated.…

Investors will look beyond today’s UK interest rate hikes and begin to top-up their investment portfolios with sectors

The total assets of the insurance industry stood at N2.33 trillion in the fourth quarter of 2022

The United States (US) dollar falls to a seven-week low against a basket of currencies and is likely to stay weak

The Nigeria Labour Congress (NLC) has said it would picket all Central Bank of Nigeria (CBN) offices nationwide

Nigeria’s Dr Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation (WTO), says trade

The Federal Reserve has hiked the fed funds target rate range 25 basis points to 4.75-5%

The Nigerian naira was exchanged at N461.50 for a United States (US) dollar Wednesday as demand slowdown

Fitch Ratings has placed Credit Suisse Group AG’s (Credit Suisse) ‘BBB’ Long-Term Issuer Default Rating