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.

eNaira Users Hit 200,000, N4bn Transactions Value – Emefiele

News

eNaira Users Hit 200,000, N4bn Transactions Value – Emefiele The Central Bank of Nigeria (CBN), digital currency, eNaira has recorded 200,000 volumes and four billion Naira value of transactions since its inauguration in 2021. Mr Godwin Emefiele, the CBN Governor said this on Thursday in Abuja at the grand finale of the “eNaira Hackathon”, the CBN’s collaborative initiative with the African Fintech Foundry (AFF). it is aimed at bringing together teams of talented entrepreneurs, developers, designers, solution developers, problem-solvers and ‘code magicians’ from Africa to develop innovative solutions for improved adoption of the eNaira. The competition was part of efforts…

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Investors Lose as Bear Returns to Stock Market

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Investors Lose as Bear Returns to Stock Market Equities investors lose about N10 billion on Wednesday as bears returned to the market after a halt to loss-making streaks. The selloffs reversed gain reported as value hunters pull the trigger in a move to reshuffle their respective portfolios amidst yield repricing in the fixed income space. Consequently, the Nigerian Exchange All-Share Index dipped 18.29 basis points to 49,691.17. While the Market Capitalization lost ₦9.87 billion to close at ₦26.80 trillion. Trading data shows that market activities were mixed, as the total volume dipped by 36.92 per cent while the total value…

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