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    MarketForces Africa » Inside Africa -MarketForces Africa » Page 221

    Money Market Rates Fall, Banks Step Up Cash Lodgment with CBN

    News February 8, 2026

    Money market rates fell as deposit money banks (DMBs) stepped up cash lodgment at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window, enhancing financial system liquidity.

    Nigeria Sweep Uzbekistan in Lagos Davis Cup Tie 

    Sport February 8, 2026

    Nigeria Sweep Uzbekistan in Lagos Davis Cup Tie Nigeria’s doubles pair, Canice Abua and Michael Emmanuel, defeated Uzbekistan’s Denis Istomin and Khumoyun Sultanov 7–6,…

    BoI Secures CBN Approval to Operate Non-Interest Banking Window 

    News February 8, 2026

    BoI Secures CBN Approval to Operate Non-Interest Banking Window The Bank of Industry (BoI) has secured regulatory approval from the Central…

    Wema Bank Hits N1trn as Investors Bet on Earnings Growth

    Analysis February 8, 2026

    Wema Bank Plc hit N1 trillion in market capitalisation as the Tier-2 lender’s 2025 earnings boosted investors’ buying interest in the domestic equity market.

    NCC Committed to Regional Digital Integration – Maida 

    News February 8, 2026

    NCC Committed to Regional Digital Integration – Maida The Nigerian Communications Commission (NCC), in line with its commitment to collaboration…

    Zichis Extends Gains by 60% as Investors Chase Agro Stock

    Analysis February 8, 2026

    Zichis Extends Gains by 60% as Investors Chase Agro Stock Zichis Agro Allied Industries Plc’s share price increased by 60%…

    R.T BRISCOE Gains 61% after Significant Earnings Growth

    Analysis February 8, 2026

    Automobile and auto part retailers, R. T Briscoe Plc’s share price increased by about 61% over five trading sessions in the Nigerian stock market as investors chased cheaper companies.

    U.S. Dollar Index Stalls after Gains Against G10

    Global Market February 8, 2026

    The U.S. dollar fell against its major counterparts in the global forex market on Friday’s close, while Washington remains unfazed over the weak dollar index.

    China FX Reserves Hit $3.399trn, PBOC Boosts Gold Holdings

    Global Market February 8, 2026

    China’s foreign exchange reserves totaled 3.3991 trillion U.S. dollars at the end of January 2026, marking an increase of 41.2 billion dollars

    Enugu State IGR Rises to N406.8 billion in 2025, Says ESIRS

    News February 8, 2026

    Enugu State IGR Rises to N406.8 billion in 2025, Says ESIRS The Enugu State Government says it generated N406.8 billion…

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    Editors Picks

    Naira Softens on Weak FX Supply, Foreign Reserves Top $51bn

    June 21, 2026

    Equities Investors Lose N5.6trn as NGX Indicators Plunge

    June 21, 2026

    Iran Plans to Restore 3mbpd Oil Production in 60 Days

    June 20, 2026

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

    June 20, 2026

    Dangote Cement Sells 64% of Production Volume to Nigerians

    June 20, 2026

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