Author: Marketforces Africa

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,

Nigerian financial service giant, FBN Holdings Plc, beats analysts profit expectation for the financial year

The National Bureau of Statistics (NBS), says the prices of selected food items have increased

Global prices of crude oil grades inched higher on inventory drawdowns in the United States

Nestle Nigeria Plc.’s revenue growth will be sustained in the financial year 2022, analysts at CardinalStone

Following the 150 basis points interest rate hike earlier in the week, the Central Bank of Nigeria