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    Dangote Cement Gains N5.2trn as Earnings, Otedola Drive 28% Rally

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    MarketForces Africa » Inside Africa -MarketForces Africa » Page 1401

    Fitch Upgrades Coronation Merchant Bank as Funding Risks Recede

    News June 10, 2024

    Global credit rating agency, Fitch, has upgraded Coronation Merchant Bank Limited’s (CMB) Long-Term Issuer Default Rating (IDR) to ‘B-‘ from ‘CC’, as well as

    Tier-1 Banks Market Value Slides to N4.4 Trillion -MarketNews

    MarketNews June 10, 2024

    Nigerian big banks market value settled at N4.4 trillion on Friday amidst sell pressure in the local exchange. The combined valuation of these Nigerian top lenders was a result of mixed share price movements in the last five trading sessions.

    Naira Exchange Rate to Reset on Expected $10bn Fuel Imports Saving

    News June 10, 2024

    The Nigerian naira is projected to recalibrate in the foreign exchange market on expected decline in US demand for fuel imports payment in 2024.

    NPFL: Rangers, Enyimba FC Match Abandoned

    News June 10, 2024

    The week 35 star match of the Nigerian Premier Football League (NPFL) between Rangers International of Enugu and Enyimba of Aba was abandoned by the visitors.

    Ecobank Climbs by 12% over Strong Volume Trade

    News June 9, 2024

    Ecobank Transnational Incorporation’s (ETI) share price climbed by 12% on strong volume following the announcement that shareholders approved all its

    Abbey Mortgage Bank Trades Flat Amidst Divestment Notice

    News June 9, 2024

    Abbey Mortgage Bank Plc is expecting its profit to reach approximately N220 million in the third quarter of financial year 2024. On the Nigerian Exchange, the

    Multi-Trex Lists Additional Shares on NGX after Private Placement

    News June 9, 2024

    Multi-Trex Integrated Foods Plc listed additional shares on the floor of the Nigerian Exchange Limited (NGX) last week amidst suspension. This suggests

    Nigerian Exchange Declines by N44bn as Investors Book Profits

    News June 9, 2024

    The Nigerian Exchange, NGX, declined by about N44 billion over the last five trading sessions, according to transactions details obtained from the local bourse.

    China’s Foreign Reserves Climb to $3.232trn as Exports Boom

    News June 9, 2024

    China’s foreign exchange reserves climbed by $31.21 billion in May to $3.232 trillion following a surge exports amidst falling the U.S. dollar index, according

    Norway Wealth Fund to Vote against Musk’s $56bn Tesla Pay Package

    News June 9, 2024

    Norway’s $1.7 trillion sovereign wealth fund said on Saturday it will vote against ratifying Tesla, Chief Executive Officer Elon Musk’s $56 billion pay package,

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    Dangote Cement Gains N5.2trn as Earnings, Otedola Drive 28% Rally

    November 1, 2026

    PTAD Pays N13.87bn Pension Increment Arrears to 18,822 Retirees

    November 1, 2026

    FirstHoldco Slumps 17.31% as Pre-Earnings Buyers Cash Out

    November 1, 2026

    Naira Rises 116 Pips Against Dollar on FX Liquidity Boost

    November 1, 2026

    Apple Tops Nvidia as AI Spending Concerns Reshape Sentiment

    November 1, 2026

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