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    MarketForces Africa » Inside Africa -MarketForces Africa » Page 11

    CBN Allots to Match as OMO Bills Subscription Hits N2.7trn

    News October 22, 2026

    The Central Bank of Nigeria (CBN) allotted OMO bills to match the aggregate subscription from investors seeking high-yield naira assets at the primary market auction.

    Dangote Accepts Isbae U’s Invitation to Podcast Show

    News October 22, 2026

    Dangote Accepts Isbae U’s Invitation to Podcast Show  ​‌‍⁠‌‍⁠⁠‍‌​‍‌​‌‍Nigerian business mogul Aliko Dangote has accepted an invitation from content creator…

    France Reports World’s First Case of Human Infection With Shamonda Virus

    News October 22, 2026

    France Reports World’s First Case of Human Infection With Shamonda Virus French health authorities on Thursday announced the world’s first…

    Naira Touches N1,369 as Demand for US Dollar Payments Surge

    News October 22, 2026

    The Nigerian foreign exchange market (NFEM) closed with a US dollar shortage as the naira exchange rate

    Nigerian Stocks Plunge, Investors Lose N104bn as Banking Names Dip

    News October 22, 2026

    Nigerian stocks selloffs extended with investors losing about N104 billion…

    US, European Markets Edge Higher on Tech, AI Led Momentum

    News October 22, 2026

    US, and European markets were buoy by tech and AI led rally despite elevated global oil prices and inflation concerns. The trend appears to be shifting in Asian markets on Thursday.

    Oil Prices Rise on Elevated Supply Risk, Brent Nears $112

    News October 22, 2026

    Oil prices rose on attacks targeting Saudi Arabia’s energy infrastructure and vessels transferring oil in the Persian Gulf heightened concerns over supply disruptions.

    Nigerian Banks Place N9trn at SDF Window, Rates Diverge

    News October 22, 2026

    Nigerian deposit money banks (DMBs) placements at the Central Bank of Nigeria (CBN) Standing deposit Facility (SDF) window edged higher on midweek as the authority slowdown aggressive liquidity management action.

    Daily FX Update: Naira Depreciates as US Dollar Outflow Surges

    News October 22, 2026

    The Nigerian naira depreciated against the US dollar at the official window as demand and supply imbalance widened on rising foreign payment.

    Guinness Nigeria Profit Surges 53%, Declares N7 as Dividend

    News October 21, 2026

    Guinness Nigeria Profit Surges 53%, Declares N7 as Dividend Guinness Nigeria has strengthened its earnings recovery, delivering double-digit revenue growth,…

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    Editors Picks

    XRP Hovers at $1.30 as Ripple Says Customers, Partners Increase 3x

    October 29, 2026

    Sterling Financial Bolsters Earnings, Grows Profit by 37% to N97.28bn

    October 29, 2026

    South African Rand Steadies as Investors Digest Fed Rates Decision

    October 29, 2026

    Nigeria’s 20-Year US Dollar Bond Yield Falls to 8.50%

    October 29, 2026

    UK, Nigeria Seek Investment in Small Hydropower Projects

    October 29, 2026

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