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    MarketForces Africa » Inside Africa -MarketForces Africa » Page 178

    Equities Investors Lose N5.6trn as NGX Indicators Plunge

    Stock Market June 21, 2026

    The Nigerian Exchange (NGX) performance indicators plunged as equities investors lost…

    Iran Plans to Restore 3mbpd Oil Production in 60 Days

    Oil and Gas June 20, 2026

    Iraq’s Oil Ministry said it is working to restore production to more than 3 million barrels per day

    Aradel Grows Profit by 192%, Declares N23 as Final Dividend

    Analysis June 20, 2026

    Oil company Aradel Holdings Plc has announced a N23 dividend per share following an earnings beat for the 2025 financial year. The company grew profit after tax by 192% year-on-year to N757 billion, beating analysts’ estimates by miles.

    Dangote Cement Sells 64% of Production Volume to Nigerians

    News June 20, 2026

    With a profit margin of more than 60%, Dangote Cement Plc sold 64% of its production volume

    Naira Tumbles as Interbank FX Turnover Drops by 43%

    FX Market June 20, 2026

    The naira tumbled against the US dollar as interbank FX turnover fell by 50% at the Nigerian foreign exchange market (NFEM) on Friday,

    XRP Rises as HKIMR Recognises Ripple for Cross-Border Payment

    News June 20, 2026

    XRP price rose 2% over the past 24 hours to $1.15 as the Hong Kong Institute for Monetary Research (HKIMR)

    ETC- Ethereum Classic Gains 6% on Listing Speculation

    Cryptocurrency June 20, 2026

    Ethereum Classic (ETC) gained 6% over the past 24 hours to $7.64, significantly outperforming a slightly positive

    Bitcoin Climbs, JP Morgan Says BTC Trades Below Mining Costs

    News June 20, 2026

    Bitcoin (BTC) price is up 0.78% in 24 hours to $63,225, slightly outperforming a broadly flat crypto market,

    Equities Investors Lose N939bn as Banking Index Tumbles

    News June 20, 2026

    The Nigerian Exchange (NGX) All-Share Index was down by N939 billion as the market recorded sharp price depreciation in Tier-1 banks’ stocks on Friday.

    Industrial Court to Hear Suit Against Premium Pension Limited

    Insurance June 20, 2026

    The National Industrial Court in Abuja has fixed Oct. 21 for hearing of a suit filed by 70 disengaged staff of Premium Pension Limited (PPL) against the company.

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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

    October 10, 2026

    Crude Oil Prices Mixed, Brent Rises 0.5% in 5-Day, WTI Dips

    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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