Author: Marketforces Africa

Moody’s affirms Kenya’s B2 ratings, saying the country outlook remains negative

Bond yield compressed 5 basis points on Monday to settle at 13.17% ahead of ….

Business outlook for Oyo State has been described as positive, with the outlook

FMDQ Exchange has announced that the group has admitted Mixta Real Estate N0.96 Billion

The Nigerian headline inflation rate halts a 19-month uptrend in April to 18.12% from 18.17%

The Nigerian Exchange (NGX), the equities market opens on a negative note on Monday

The National Insurance Commission (NAICOM) has inaugurated the Sub Working Groups (SWGs)

The outlook for Nigerian banks’ credit fundamentals has stabilised since …

Following a good start to the year, Dangote brands are doing well among big names

Treasury Bill Rate Inched Up 50 Basis Points at CBN Auction At the Central Bank (CBN) auction on Friday, the stop rate on the 91-day Treasury bill inched up 50 basis points to 2.50%, while 182-day and 364-day were unchanged at 3.50% and 9.75% respectively. Fixed income analysts at Chapel Hill Denham have projected stop rate on 364-day treasury bill to print at 10.00% following continuous yields re-pricing in the Nigerian debt market. In the money market, as analysts projected, funding pressures increased due to provisioning by Deposit Money Banks (DMBs) for the retail foreign exchange auction. Due to persisted…