Author: Marketforces Africa

Honeywell Flour Mills Plc has fallen into a loss position as costs of sales jerked up amidst a tough operating

In the first quarter of the financial year 2022, fortune smiled on the challenger brewer, International Breweries…

Amidst yield upward adjustment, the fixed income market was relatively quiet at the beginning of the new week…

For the financial year 2021, TAJBank Limited, Nigeria’s leading non-interest bank,

The fight against the hot headline inflation rate is getting tougher in the frontier and emerging markets

Bitcoin (BTC), Ethereum (ETH) and other pricey cryptos have seen upward adjustments

Nigerian Banks Face Risks despite Oil Boost Nigerian banks’ operating environments could deteriorate between the financial year 2022 and 2023 as adverse global economic conditions feed through to the local economy, Fitch Ratings says in a new report. Soaring inflation led the Central Bank of Nigeria (CBN) to raise its benchmark rate by 150 basis points on 24 May, and the pressures on banks’ profitability and asset quality will be higher than we had initially expected for 2022. However, the sharp rise in oil prices this year will mitigate the economic impact of the global risks, and Fitch analysts do…

As dollar scarcity continues to bite, the Central Bank of Nigeria (CBN) has urged Nigerian banks to support

Trading weak across foreign exchange markets, the Naira continues to struggle to hold

The African Development Bank (AfDB) says the heat-tolerant wheat production,