Author: Marketforces Africa

The Board of Guinness Nigeria Plc has named John Musunga as its in-coming Managing Director/Chief

The Nigerian local currency, the Naira, appreciated slightly against the United States dollar at the Investors and Exporters window on Monday as it exchanged at N436 as the foreign reserves tracked lower further for third weeks.

The fixed income market has swung to solo mode as investors await the outcome of the monetary policy committee of the central bank’s decision on the benchmark interest rate. A slew of analysts predicted that the monetary authority will step up on its hawkish stance to curb fast rising headline inflation in the country.

The Nigerian Exchange (NGX) records gain on Monday following heavy demand for BUA Cement …

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has advocated effective collaboration among stakeholders and launching of innovative financing solutions as means of boosting the healthcare industry in Nigeria.

Great Britain Pounds or the sterling sees large depreciation against the United States dollar on Monday after the Bank of England said that it was monitoring financial markets very closely.

OECD has warned of a pervasive global economic slowdown amidst uncertainties, sees gross domestic product rising by 3% in 2022 and 2.2% in 2023, according to a recent interim economic outlook report.

Angola’s central bank monetary policy authority cuts the benchmark interest rate by 50 basis points to 19.50% in a decision announced on Monday.

When governments deploy tax revenues for the common good of the citizens, there is a concomitant increase in tax compliance by citizens who see the direct benefit of the taxes they pay.

Brent crude oil prices fell sharply to a nine-month low, resulting in a sell-off that was magnified by a surge in the US dollar, making USD-priced commodities more expensive for investors, Australia’s ANZ Bank said in a Monday note.