Author: Marketforces Africa

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…

Oil prices plunge early Tuesday as Joint Ministerial Monitoring Committee….

COVID-19: Africa Needs Debt Relief, Restructuring –Adesina Africa needs debt relief, debt restructuring, and debt sustainability, the African Development Bank (AfDB) president said. Akinwumi Adesina was speaking at Monday’s United Nation Meeting on International Debt Architecture and Liquidity. He said: “It is time to put in place an African financial stability mechanism to protect itself against external shocks.” Adesina said the mechanism will provide a much-needed fiscal safety net for African economies. “Africa is not looking for a free pass. Africa is looking to working with the global community to have the fiscal space to breathe, to grow back better,…