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    MarketForces Africa » Inside Africa -MarketForces Africa » Page 204

    Central Bank of Nigeria Hikes Interest Rates on Treasury Bills

    News June 3, 2026

    The Central Bank of Nigeria (CBN) hiked treasury bill rates after the authority kept the monetary policy rate at 26.5% last month as inflation accelerated toward 16%.

    CardinalStone Hikes Transcorp Target Price, Cites TransAfam Turnaround

    News June 3, 2026

    Analysts at CardinalStone Securities Limited have jerked up their target price for Transnational Corporation to N69.71 per share, citing the TransAfam turnaround as the reason for their buy recommendation.

    NEAR Protocol Gains 13% as AI Token Attracts Crypto Investors

    News June 3, 2026

    NEAR Protocol (NEARUSD) gained 13% in 24 hours to $2.88, sharply outperforming a declining Bitcoin and broader market, primarily driven by a sector rotation into AI-focused cryptocurrencies.

    Zambia’s Bond Buyback Not Distressed Debt Exchange -Fitch

    News June 3, 2026

    The Zambian authorities’ tender offer to buy back its Bond B does not constitute a distressed debt exchange (DDE), Fitch Ratings says.

    UK Manufacturing Recovery Continues Despite Rising Prices, Supply Pressures

    News June 3, 2026

    UK manufacturing continues to recover in May despite rising consumer price inflation and supply chain pressures, S&P Global said in its monthly purchasing manager index (PMI)

    Ghana’s Private Sector Job Creation Hits 11-Month High -PMI

    News June 3, 2026

    Ghana’s private sector recorded an employment boost as business conditions were stable in May, according to the purchasing manager index (PMI) report released by S&P Global today.

    Naira Extends Rally as Nigeria’s Foreign Reserves Grow

    News June 3, 2026

    The naira extends rally against the US dollar, and other crosses at the Nigeria Foreign Exchange Market (NEFM) as data show the country’s external reserves continue to gain momentum.

    Equities Investors Lose N2.28trn as Nigerian Market Tumbles

    News June 3, 2026

    Equities investors lost N2.28 trillion as the stock market continues to reprice overbought stocks, and sentiment deteriorated for the third trading session in June 2026.

    Digital Leisure Spending and Consumer Behaviour in Emerging Markets in 2026

    Featured Business June 3, 2026

    Consumer spending patterns are shifting in ways that matter deeply to investors and …

    European Consumer Price Inflation Overshoots ECB Target at 3.2%

    News June 3, 2026

    Reflecting the global energy crisis, the cost-of-living squeeze across Europe intensified as consumer price inflation rose to 3.2% in May 2026, up from 3% in April, according to the latest economic data.

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    USD.AI – CHIP Sees 26% Price Surge on Single Tweet

    October 11, 2026

    Cardano Drops as Crypto Investors Take Profit, Price Consolidates

    October 11, 2026

    FirstHoldCo Slips 13% Below 52-Week High Ahead of Q3 Earnings

    October 11, 2026

    Amaechi Faults Tinubu’s Fuel Subsidy Removal

    October 11, 2026

    Makinde Pledges Inclusive Governance, Promises to Tackle Insecurity, Poverty  

    October 11, 2026

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