Author: Marketforces Africa

FMDQ Securities Exchange Limited has officially approved the listing of DLM SPV PLC’s ₦7.30 billion Series 1 (Tranche A) and ₦1.70 billion Series 3 (Tranche B) Plain Vanilla Returns Sovereign Bond-Backed Composite Notes under its ₦30.00 billion Medium-Term Notes Programme.

Risk-Off Sentiment Triggers Surge in Nigeria’s Bond Yields The Nigerian Federal Government (FGN) bonds market closed on a notably bearish note, with average yields climbing by 6 basis points in the secondary market on Wednesday. Investors sold down holdings despite the financial system’s excess liquidity. This shift signals a clear decline in investor confidence and a diminishing appetite among domestic investors for naira-denominated fixed-income instruments. At the short end of the yield curve, bonds exhibited a mixed-to-positive trading pattern. The yield on the bond maturing on February 23, 2028, edged up by 1 basis point to 16.15%. Conversely, yields on…

President Bola Tinubu has directed the suspension of the newly introduced cashless payment system at airports over traffic gridlock experienced by travellers across the country.

Naira fell against the US dollar for the 11th consecutive trading session on Wednesday, reflecting a lack of adequate foreign currency liquidity to meet international payments.

]The price of diesel in Germany has climbed to more than €2 ($2.32) per litre as a result of the war in Iran, the ADAC automobile association said on Wednesday.

Ecobank Unveils ‘Ellevate’ To Promote Women Entrepreneurs Ecobank Nigeria has unveiled an enhanced version of its gender financing initiative, ”Ellevate” by Ecobank, as part of activities commemorating 2026 International Women’s Day (IWD). A statement by the bank on Wednesday said that the upgraded programme reinforced the bank’s long-term commitment to advancing women-led enterprises in Nigeria and across Ecobank’s pan-African footprint. Originally inaugurated to improve access to finance for women-owned, women-led, and women-focused small and medium-sized enterprises (SMEs) within its commercial banking segment, the enhanced ”Ellevate” programme now adopts a broader, more inclusive structure. The new framework extends across all business…

Nigeria, 60 Others Endorse Standards for AI-generated Imagery Nigeria has joined over 60 global regulators in establishing stringent standards for AI-generated imagery, aiming to curb deepfakes and non-consensual content. This is contained in a statement issued by Babatunde Bamigboye, Head, Legal, Enforcement and Regulations of the Nigeria Data Protection Commission (NDPC) on Wednesday in Abuja. Bamigboye said the joint initiative was coordinated by the International Enforcement Cooperation Working Group (IEWG) of the Global Privacy Assembly. He said the decision came after a growing global concern about privacy risks posed by Artificial Intelligence (AI) tools capable of generating realistic images and…

Brent Crossed $83 as Iran Blocks Oil Shipping Channel Brent crude crossed $83 per barrel on Wednesday as Iran blocked the oil shipping channel in the Middle East. Crude prices rose due to blocked shipments through the Strait of Hormuz, which has reduced exports from the region. Iran says it will “set fire” to any ships trying to pass through the Strait of Hormuz, the world’s busiest oil shipping channel. Usually, about 20% of global oil and gas passes through the narrow shipping lane in the Gulf. But Iran’s General Sardar Jabbari said that Tehran will now “not let a…

Ripple (XRP) gained about 4% in 24 hours to $1.40, closely tracking Bitcoin’s 4.55% gain amid a broader 3.69% market rally…

Sui declined by about 1.5% over 24 hours to $0.892 on Monday, slightly underperforming a broadly weak crypto market, driven by preemptive selling ahead of a large token unlock.