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    MarketForces Africa » Inside Africa -MarketForces Africa » Page 1186

    UBA, ACCESS, F-Banks Rally Shifts Banking Index Up

    News September 25, 2024

    Sustained demand for UBA, Access Holdings, and Nigerian 3-F banks (FBNH, FCMB, and Fidelity Bank) heated up the banking index as the Nigerian Exchange gained further.

    Money Market Rates Rise in Absence of Liquidity Pressure

    MarketNews September 25, 2024

    In the absence of liquidity pressure, interbank rates were still adjusted upward in response to the Central Bank of Nigeria’s (CBN) monetary policy tightening.

    Naira Sinks as FX Shortage Shifts Rate Nears ‘Fear Index’

    Financial Market September 25, 2024

    The naira experienced strong negative price fluctuation in the foreign exchange (FX) market due to surging demand for import payments. The FX market was unable to meet the willing buyers US dollar demand due to a shortage in the official window.

    Banking Index Drives N105bn Gain on Nigerian Exchange

    MarketNews September 24, 2024

    The equities market capitalization of the Nigerian Exchange (NGX) swelled as investors gained about N105 billion amidst the policy rate hike.

    FG Revises Consolidated Salary Structure

    News September 24, 2024

    The Federal Government has approved the revision of the Consolidated Public Service Salary Structure (CONPSS) with effect from July 24.

    Kuda Launches eSIM Feature to Save Global Travelers Data Roaming Costs

    News September 24, 2024

    Kuda has introduced a new feature allowing its customers to purchase eSIMs directly from the Kuda app. This innovative service provides users with virtual

    CBN Hikes Benchmark Interest Rate to 27.25%

    News September 24, 2024

    The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further increased the Monetary Policy Rate (MPR) by 50 basis points to

    Nigeria’s Unemployment Rate Stands at 5.4% in 2023- NBS

    News September 24, 2024

    The National Bureau of Statistics(NBS) says the unemployment rate in Nigeria stood at 5.4 per cent in 2023.

    NDLEA Apprehends Ex-convict With Cocaine Worth N4.6bn at MMIA

    News September 24, 2024

    The National Drug Law Enforcement Agency (NDLEA) has apprehended an ex-convict, Christian Ogbuji for importing 817 wraps of cocaine weighing 19.40kg with

    Senate Moves to Unearth Root Causes of Economic Sabotage in Petroleum Industry

    News September 24, 2024

    The Leader of the Senate, Sen. Opeyemi Bamidele says as the Senate resumes plenary, it would unearth the root causes of economic sabotage in the Petroleum

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    Nigeria Identifies Two Suspected Ebola Cases in North-East Says NCDC

    October 31, 2026

    Oando Profit Sinks 47% to N106.45bn as Finance Income Tanks

    October 31, 2026

    XRP is down 0.71% to $1.25 as Open Interest Falls

    October 31, 2026

    Abia has Repaid Over N90bn Debt in 3 years — Otti

    October 31, 2026

    HYPE Falls by 6% as ICE Plans Regulated US Perps on Hyperliquid

    October 31, 2026

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