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    MarketForces Africa » Inside Africa -MarketForces Africa » Page 1106

    CBN, IFC Sign Deal to Boost Nigeria’s Local Currency Financing

    News October 28, 2024

    The International Finance Cooperation (IFC), a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have signed an agreement to increase local currency financing.

    Oil Prices Below $73 despite Israel Attacks on Iran

    MarketNews October 28, 2024

    Oil Prices Below $73 despite Israel Attacks on Iran Oil prices slipped despite Israel’s latest counterattack on an Iranian military…

    FBN Holdings Opens Rights Issue as Share Price Picks Up

    MarketNews October 28, 2024

    FBN Holdings Plc (Ticker: FBNH) has opened its rights issue, offering to sell 5.983 billion ordinary shares at 50k each to existing shareholders at N25 per share in a bid to raise additional capital totaling N150 billion.

    Dangote Cement Grows Profit by 0.6% in 9-Month

    News October 27, 2024

    Dangote Cement Plc grew profit by 0.6% year on year to N279.10 billion in nine months, details from the company’s unaudited financial statement revealed.

    Nigeria’s Eurobond Yield Declines to 9.58% on Fresh Rally

    News October 27, 2024

    Increased demand for Nigeria’s sovereign Eurobond dragged average yield downward in the international market, according to traders amidst double-digit

    Nigerian Bonds Yield Rises, Marginal Rates Increase by 1.75%

    MarketForces Finance October 27, 2024

    The average yield on Nigerian government bonds climbed slightly to 19.3% in the secondary market due to thin trading activities that had bearish tone.

    Treasury Yield Rises as CBN Hikes Rate on 364-Day Bills

    News October 27, 2024

    Treasury Yield Rises as CBN Hikes Rate on 364-Day Bills The average yield on Nigerian Treasury bills climbed to 24.1%…

    Money Market Rates Decline as FAAC Inflows Boost Liquidity

    News October 27, 2024

    Money market rates, the overnight lending and open repo rates dropped further after inflows from the Federal Accounts Allocation Committee

    Equities Investors Gain N835bn in 5-Day on Nigerian Exchange 

    News October 27, 2024

    Equities investors gained N835 billion in 5 days on the Nigerian Exchange trading platform due to buy side activities.  Due to investors’ interest in banking

    Unilever Nigeria Gains 18.4% after Solid Earnings Growth

    Analysis October 27, 2024

    Consumer goods company Unilever Nigeria Plc gained 18.4% or N20.107 billion, as the company’s earnings growth boosted investors’ confidence

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    Fitch Revises Nigeria’s Outlook to Positive, Anticipates Tinubu 2027 Election Win

    October 10, 2026

    XRP Gains on Ecosystem Catalyst Ahead of Evernorth Listing

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    October 10, 2026

    Cardano Rises 7% on Buying Interest, Outperforms Top Crypto Assets

    October 10, 2026

    US Sanctions 17 Vessels Linked to Iran, Targets Shipments to Asia

    October 10, 2026

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