Author: Marketforces Africa

BUA Cement Plc bolsters performance as the company records double-digit…

Ghana has raised US$3 billion via the discounted foreign currency ….

Crude oil prices rise on Wednesday ahead of the Organisation of Petroleum

TLG Capital has announced that it would be investing with Fidelity Bank

Some 78% of total banking payments transactions were conducted via mobile,

The International Monetary Fund (IMF) has in a discussion on recent economic

Cititrust Financial Services, an investment firm, has perfected …

Profit-takings in large cap stocks drag the Nigerian stock market performance

Discount Rates on T-Bills Eased as Fixed Income Market Trades Soft Discounts rates on Nigerian Treasury Bills (T-Bills), open market operations (OMO) bill eased as the fixed income market trade soft amidst sustained policy direction. In the money market, funding pressures also eased as financial system liquidity opened higher at N328.2 billion from N87.6 billion previously. This was driven by OMO inflows estimated at N169.2 billion. Against this backdrop, the Open Buy Back (OBB) and Overnight (O/N) rates declined by 5.7% and 5.8% to 6.33% and 7.17% respectively. On Tuesday, analysts at Chapel Hill Denham noted the Nigerian fixed income…

Ecobank Transnational Incorporation stock has been rated buy on robust…