Author: Marketforces Africa

In the first four months in the fiscal year 2022, Nigeria’s retail revenue totalled N1.63 trillion

The Nigerian stock market ends the last trading day in the week lower as equities investors lose about N77 billion

In the commodities market, gold price rose for a second-straight session early on Friday on a weaker…

Value Hunters Dump Banks Shares, NGX Sees Intraday Loss There is an ongoing selloff in the Nigerian Exchange (NGX), according to a midday report from Alpha Morgan Capital stockbrokers as value hunters continue to dump banking shares. The sector’s weak valuation but a better dividend-paying history have persistently kept stock buyers at the edge. Portfolios rebalancing amidst the second-quarter earnings season has reflected in trading patterns as the market continues to book profits. The decline in bargain hunting has left year-to-date return moderating. Nigeria’s local bourse return had spiked above 26% but is now in the risk zone. In its…

The United Nations Resident and Humanitarian Coordinator, Nigeria Mr. Matthias Schmale,

Shareholders of one of Africa’s largest manufacturing companies, BUA Cement Plc,

The Economic and Financial Crimes Commission, (EFCC) says it will on Friday, arraign the former Accountant General…

The average yields on fixed income instruments closed mixed midweek following selloffs…

The Nigerian Exchange (NGX) drops by N66 billion midweek as investors in the equities market…

Amidst weak production volume, Nigerian crude oil grade Qua Iboe sells at $11.50 premium