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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.
Amidst the ongoing crisis across the cities over the scarcity of new naira notes in circulation,
The Federal Executive Council (FEC) has approved $53.1 million and N2.1 billion as a local component ….
Exchange Rate Reform: Incoming President to Change CBN Governor The Naira debacle is expected to top the incoming Nigeria’s president agenda in what appears as, head or tail, a pro-market leader would assume the top seat in Abuja in June 2023. The Central Bank of Nigeria (CBN) has drawn bad blood due to its improperly implemented naira redesign policy that has thrown Nigerians into economic darkness in broad daylight. Godwin Emefiele, the CBN governor with a political interest has been accused of fighting back with the new naira notes policy after he failed to secure a ticket to forward his…
Due to selling pressures, the yield on Nigeria’s 30-year bonds rose to 15.26% with buckets of debt papers …
The average yield on Nigerian Treasury bills inched higher following sell pressures on short-dated
TAJBank Ltd., Nigeria’s foremost non-interest bank, on Tuesday listed its Sukuk Bond on the floor of the Nigerian Exchange
The Nigerian Ports Authority (NPA) on Tuesday said that out of the 25 ships expected at the Lagos Port Complex
CBN Says Old Naira Notes Not Legal Tender Despite an obvious scarcity of new naira notes, the Central Bank of Nigeria (CBN) has declared that the old N200, N500 and N1000 have ceased being legal tender since February 10, 2023. Godwin Emefiele-led CBN has thrown Nigerians into shades as new naira design policy somersaults. After it shifted its initial deadline from January 31 to February 10 to swap old notes, local banks in Nigeria have been under pressure to meet daily demand by Nigerians. The CBN also said it did not envisage the ongoing pressures. However, the apex bank insists…
Coca-Cola HBC bumped up its dividend for 2022, despite recording a year-over-year decline in attributable
Oil prices fell early on Tuesday even as the Organisation of Petroleum Exporting Countries raised its 2023