Author: Marketforces Africa

Trading activities on Nigeria’s bond traded on a relatively flat note midweek, albeit with a bullish tilt

Do big gyrations in the stock or cryptocurrency market bother you? Is it painful to see a portion …

The U.S. dollar weakened slightly against major currencies on Wednesday amid concerns…

Proceeding at the Central Bank of Nigeria (CBN) primary market auction (PMA) on Wednesday ended with rates cut…

The Nigerian Exchange (NGX) performance has continued to keep investors in a happy mood …

Elon Musk briefly lost his title as the world’s richest person on Wednesday, according to Forbes …

Nigeria’s debt management office (DMO) has announced its Dec. issuance of two Federal Government

African Banks’ Downturn Resilience Dependent on African banks’ credit drivers will be undermined by both…

AIICO insurance’s financial strength rating has been upgraded by a notch to AA(NG) from AA-(NG)

Naira Skids as FX Inflows from Exports Decline The value of the Nigerian naira declines 0.11% on Tuesday as the Investors and Exporters foreign exchange market after the nation reported that exports receipt fell by about 20% in the third quarter of the year. The exchange rate at the Investors FX window hits N445.80 from N445.33 recorded yesterday as the market was heated up with foreign currencies demand for imports. This is coming as foreign currency inflows into the economy weakened in the third quarter, according to National Bureau of Statistics data which indicates that exports revenue dropped. The trade…