Author: Marketforces Africa

Nigerian stocks edge higher on Thursday after three days of selloffs due to moderate positioning …

The Competition and Consumer Protection Tribunal sitting in Abuja, on Thursday, awarded a N25 million

MultiChoice faces not less than a N100 million fine or more for failing to comply with Tribunal orders

Great Britain pound bounces as UK Prime Minister Elizabeth Truss unveiled Thursday in Parliament…

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…