Author: Marketforces Africa

A Federal Competition and Consumer Protection (FCCPC) Tribunal sitting in Abuja,

The Federal Government has recovered N53.5 billion out of N5.2 trillion debt from its Ministries, Departments and Agencies (MDAs).

In the financial markets, a 21% gain is a tall order but equity analysts are asking treasure hunters

Despite the stock market trading lower for the second week in April, Airtel Africa and Dangote Cement

Oil prices are facing another weekly loss, following their biggest weekly loss in two years last week

Gold Price Spikes as U.S Bond Yields Peak Gold closed higher on Friday even as United States (U.S) bond yields rose to the highest in more than three years ahead of expected rate hikes from the United States (U.S) Federal Reserve. Federal Market Open Committee (FOMC) minutes for March indicate a decision to reduce Fed’s balance sheet by $95 billion per month, signalling a hawkish tilt as the market anticipates a 50 basis points hike. Meanwhile, commodities prices are adjusting downward, albeit slow, gold price has been moderately affected, though it had peaked after Russia’s invasion into Ukraine. Market data…

NGX Lost N114bn as Investors Unload Stocks The Nigerian bourse dipped by N114 billion in the just concluded week after the stock market lost more than N231 billion in the previous week as investors trade exits. Buying sentiment has dropped drastically in the first quarter of 2022 amidst macroeconomic pressures driven by high inflation and weak local currency. Again, massive selloffs in the local market dragged the Nigerian Exchange All-share Index (NGX-ASI) downward 0.5 per cent to close at 46,631.46 points. Thus, year to date return moderated to 9.2% from 9.7% in the prior week. Overall, the Nigerian equity market…

With the Russia-Ukraine war putting pressure on global oil prices, Nigeria will now require some N4 trillion

The Nigerian Exchange (NGX) valuation falls by more than N120 billion on Thursday as selling rallies

Shareholders of Zenith Bank Plc, at the 31st Annual General Meeting (AGM) of the bank held on