Naira Falls as Data Shows FX Market Inflows Reduce

Marketforces AfricaOctober 30, 20240

The naira falls again, albeit slightly in the foreign exchange (FX) market, as data showed that inflows dipped. Demand for foreign currency increased in the forex market amidst subdued liquidity.

NGX Lost N21bn as Selloffs Hit MTN, PZ, Jaiz Bank

Julius AlagbeOctober 30, 20240

The Nigerian Exchange (NGX) market capitalisation lost by more than N21 billion due to sell pressure on MTN Nigeria, PZ Cussons and Jaiz Bank among others.

IIF, Kuramo Launch Fund to Support MSME Financing

Marketforces AfricaOctober 29, 20240

The Impact Investors Foundation (IIF), in collaboration with Kuramo Capital Management, on Tuesday in Lagos, introduced the Wholesale Impact Investment Fund (WIIF) to Pension Fund Administrators (PFAs) alongside other pension stakeholders and regulator.

Treasury Bills Market Rally as Investors Keep Eyes on Yield

Marketforces AfricaOctober 29, 20240

In the secondary market, fixed interest securities investors continue to heat up trading activities on Nigerian Treasury bills

Robust Liquidity Keeps Money Market Rates in Check

Marketforces AfricaOctober 29, 20240

Money market rates declined further as robust liquidity balance in the financial system continued to keep the short term benchmark interest rates movements in check. The market witnessed additional inflows from matured OMO bills, while there was also an outflow related to FX auction.

FG Overhauling National Grid to Improve Power Supply

Julius AlagbeOctober 29, 20240

FG Overhauling National Grid to Improve Power Supply The Federal Government says it is overhauling the national grid to reduce…

Transcorp Plc Grows Profit by 234% in 9-Month

Julius AlagbeOctober 29, 20240

Transnational Corporation Plc grew profit by about 234% year on year in nine months of financial year 2024 to N75.9 billion from N22.76 billion in the comparable period.