- CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions
- Dangote Cement Opens at 19% Discount to 52-Week High
- FirstHoldco Surges by10% as Investors Buy the Dip
- Zenith Bank Rallies as Investors Chase Upside Potential
- AI, Machine Learning Transform Nigeria’s Power Sector- NDPHC CEO
- State Police Should Take Off After 2027 Elections – Peter Obi
- Proposed Textile Import Ban May Hurt Economy, Jobs – CPPE
- Bitcoin Drops as Grayscale Research Guides Strategy Inc. to Sell $3bn BTC
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.
It was a successful outing for the Debt Management Office after beating the target on Federal Government…
Amidst strong volatility in the Nigerian Bourse, Dangote Cement Plc has indicated a fresh plan…
The International Monetary Fund, IMF, has expressed the view that Nigeria’s monetary policy’s hawkish tone…
Naira Reclaims Value after Banks Update on FX The Nigerian naira gained across foreign exchange (FX) markets after local banks release fresh updates on foreign currency sales to their customers. In the investors and exporter window, the Nigerian naira ended the previous week at N445.67 to a United States dollar. Demand pressures slow down at the Nigerian Autonomous Foreign Exchange Fixing (NAFEX) window as the exchange rate had crossed N460, it was opened at N445.75 in the just concluded. The scarcity of foreign exchange has worsened the naira exchange rate in the official and unofficial markets, and things may get…
The share price of Guaranty Trust Holding Company (Ticker: GTCO) gained 11% due to a huge demand volume
Union Bank of Nigeria’s share price gained 13%, thus helped pushed the banking index upward …
The average yield on Federal Government of Nigeria (FGN) bonds tempers after the market
Equities market index spikes as investors in the local bourse take positions in value, growth stock
NASD Securities Exchange Struggles to Upturn Downturn The NASD Securities Exchange has continued to struggle to upturn its week-on-week downturn that has reduced the over-the-counter (OTC) market valuation below N940 billion. Due to the weak buying interest in the OTC market, year to date return has turned negative amidst a similar price depreciation in the Nigerian Exchange market. Data from the OTC exchange showed that the NASD OTC Securities Exchange Index return decreased by 0.45% to close the week at 711.61 points against 714.80 reported in the previous week. At the close of the trading session, the NASD investors lose…
The Second Edition of the Zenith Tech Fair, themed “Future Forward 2.0”, will be held on Tuesday …