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    MarketForces Africa » Inside Africa -MarketForces Africa » Page 960

    Polaris Bank Retains Best Digital Bank Award for Fourth Year

    Financial Products October 28, 2024

    Polaris Bank, Nigeria’s leading digital retail commercial bank, again at the weekend proved its digital dominance in the Nigerian banking industry, winning the most-coveted award as the best in digital banking and the entire ecosystem for micro, small and medium enterprises (MSMEs).

    Nigeria Calls for $750 million World Bank Loan

    MarketNews October 28, 2024

    The Federal Government of Nigeria (FGN) is pressing for a $750 million loan from the World Bank.

    Cryptocurrency Market Cap Rises to $2.33T as Bitcoin, Ethereum Rally

    Cryptocurrency October 28, 2024

    The global crypto market cap rose by 2.28% on Monday to settle at $2.33 trillion as top cryptocurrency assets, especially Bitcoin and Ethereum, opened the week on a positive note.

    AfDB, Asian Bank Sign $1bn Deal to Boost Lending to African Nations

    Inside Africa October 28, 2024

    The African Development Bank (AfDB) and the Asian Development Bank have signed a $1 billion exchange exposure agreement (EEA) aimed at enhancing the African Development Bank’s capital position and its capacity for sustainable lending across Africa.

    Fitch Upgrades Ethiopia’s Credit Ratings as Financial Pressures Ease

    Inside Africa October 28, 2024

    Fitch Upgrades Ethiopia’s Credit Ratings as Financial Pressures Ease Fitch Ratings has upgraded Ethiopia’s credit rating due to easing financial…

    CBN, IFC Sign Deal to Boost Nigeria’s Local Currency Financing

    News October 28, 2024

    The International Finance Cooperation (IFC), a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have signed an agreement to increase local currency financing.

    Oil Prices Below $73 despite Israel Attacks on Iran

    MarketNews October 28, 2024

    Oil Prices Below $73 despite Israel Attacks on Iran Oil prices slipped despite Israel’s latest counterattack on an Iranian military…

    FBN Holdings Opens Rights Issue as Share Price Picks Up

    MarketNews October 28, 2024

    FBN Holdings Plc (Ticker: FBNH) has opened its rights issue, offering to sell 5.983 billion ordinary shares at 50k each to existing shareholders at N25 per share in a bid to raise additional capital totaling N150 billion.

    Dangote Cement Grows Profit by 0.6% in 9-Month

    News October 27, 2024

    Dangote Cement Plc grew profit by 0.6% year on year to N279.10 billion in nine months, details from the company’s unaudited financial statement revealed.

    Nigeria’s Eurobond Yield Declines to 9.58% on Fresh Rally

    News October 27, 2024

    Increased demand for Nigeria’s sovereign Eurobond dragged average yield downward in the international market, according to traders amidst double-digit

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    Global Markets Mixed on Hawkish Fed, US -Iran Unpriced Risk

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