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    MarketForces Africa » Inside Africa -MarketForces Africa » Page 1751

    Nigeria’s Bonds Benchmark Yield Rises to 13.1%

    Markets July 28, 2023

    The average benchmark yield on Nigerian government bonds rose Thursday as a result of selloffs …

    Naira Falls to N768.60 as FX Convergence Widens

    Uncategorized July 28, 2023

    With a seesaw exchange rate movement, the Nigerian naira lost the fight against the dominant foreign currency

    Wema Bank Grows Profit by 99% in First Half

    Companies July 28, 2023

    Wema Bank Plc doubled down on its earnings performance in the first half of the financial year 2023

    Airtel Africa Earnings Break over Huge FX Loss

    Companies July 28, 2023

    Airtel Africa recorded a loss after tax of $151 million in the first quarter of 2024 as a result of the Naira devaluation

    T-Bills Spikes to 7.12% as Market Weighs Rate Hike

    Financial Market July 28, 2023

    The average yield on Nigerian Treasury bills rose sharply by 281 basis points Thursday following selloffs in the short …

    NGX Loses N111bn as Alpha Seekers Offload FMCG, Banks Stocks

    Stock Market July 28, 2023

    The Nigerian Exchange (NGX) recorded a large daily loss of more than N111 billion Thursday as alpha seekers continued to offloaD

    Funding Rates Sink as FAAC Inflow Boosts Liquidity

    Markets July 28, 2023

    On account of a solid liquidity level in the money market, the short-term benchmark rates slumped sharply

    Customs MMA Command Generates N38.7bn in 1st Half of 2023

    News July 27, 2023

    The Murtala Muhammed Area (MMA) Command of the Nigeria Customs Service (NCS) says it generated total revenue of N38.7 billion in the first half of 2023.

    Russia to Supply 50,000 Tons of Grains to African Countries – Putin

    Inside Africa July 27, 2023

    Russian President, Vladimir Putin, says Russia will supply 50,000 tons of grains to some African countries in the next three months in its bid to ensure food security.

    Afrixembank Offers $30bn Credit Limit to Africans Willing to Invest in Russia

    News July 27, 2023

    The African Export–Import Bank (Afrixembank) on Thursday in St. Petersburg, Russia, announced a credit limit of 30 billion dollars to support African investors willing to exploit the opportunities in Russia.

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