Author: Marketforces Africa

IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers

A slew of equity market analysts are seeing upside in Dangote Cement Plc.’s share amidst sell pressures…

Fixed Income Market Trades Quiet as Naira Loses Weight The Nigerian fixed income market trades cold and quiet on Wednesday as the local currency, the naira, continues free fall at the Investors’ and exporters’ foreign exchange window. The foreign exchange (FX) rate at the space has been worsening since last week. As of Wednesday, the naira depreciated by 0.1% to N436.50 at the investors’ and exporters’ window. Central Bank of Nigeria conducted a primary market auction for treasury bills yesterday, as of the press time, the auction result is yet available. In the money market, there was pressure on short-term…

The NASD over-the-counter (OTC) security exchange wobbles further market sentiment declines

Equities investors in the Nigerian bourse see their net worth declined N25 billion on Wednesday …

KPMG has been accused of “appalling” audit work that allowed a US-listed Chinese biotechnology company…

The United States (US) dollar improved against its major trading partners early Wednesday ahead of…

UPDATED – A Competition and Consumer Protection Tribunal sitting refused to grant a suit filed against MultiChoice

Fresh covid-19 lockdown in the second largest oil consumer economy has sparked market-related fears

Fidelity Bank Plc (Ticker: FIDELITYBNK) has signalled interest in issuing private placement as part of an effort to strengthen