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    MarketForces Africa » » Page 1213

    Dangote Sugar Raised N42.79bn from Asset Managers

    Companies June 17, 2024

    Dangote Sugar Refinery Plc has successfully raised N42.78 billion from the local debt capital market via commercial paper sales to pension and non-pension asset managers.

    Investors Trim Treasury Bills Holdings as CBN Cuts Rates

    Economy June 17, 2024

    Investors reacted negatively, trimmed their Nigerian treasury bills (NTB) holdings in the secondary market following successive spot rates cut at the Central Bank of Nigeria’s (CBN) primary market auction last week.

    GCR Downgrades Capital Trust over Payments Default

    News June 16, 2024

    GCR Ratings (GCR) has downgraded Capital Trust Investment and Asset Management Limited’s national scale long and short-term issuer ratings to SD(NG)

    High FCY Debt:  Fitch Affirms Angola Ratings with Stable Outlook

    News June 16, 2024

    Fitch Ratings has affirmed Angola’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a stable outlook.

    Moody’s Downgrades Gabon’s Ratings over Fiscal, Liquidity Risks

    Inside Africa June 16, 2024

    Moody’s Ratings has downgraded the Government of Gabon’s local and foreign-currency long-term issuer and foreign-currency senior unsecured debt ratings to Caa2

    Inflation Rate to Drop in June, CardinalStone Forecasts

    News June 16, 2024

    Nigeria’s multi decade highs hot red inflation is expected to start dropping from the month of June, according to CardinalStone macroeconomic commentary note.

    AfDB Inaugurates Initiative to Spur Home-grown Solutions to Debt Challenges

    News June 16, 2024

    The African Development Bank’s (AfDB) African Development Institute (ADI), has inaugurated a programme, the African Debt Managers’ Initiative Network (ADMIN),

    NDLEA Bursts Warehouse, Seizes N4.7b Drugs

    News June 16, 2024

    Officers of the Special Operation Unit of the National Drug Law Enforcement Agency (NDLEA) in Aba have discovered a cartel controlled by three suspected drug

    NEPZA Intensifies Effort to Retain Coys in Nigeria

    News June 16, 2024

    The Nigeria Export Processing Zones Authority (NEPZA), is intensifying efforts to retain businesses in Nigeria amid foreign exchange constraints and unreliable

    Finidi Resigns After 2 Games in Charge of Super Eagles

    News June 16, 2024

    Finidi George has resigned as the head coach of the Super Eagles after just two competitive  games in charge.

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