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    Average Yield on Bond Spikes 16bps over Aggressive Repricing

    Marketforces AfricaDecember 21, 20200

    The bond market records an upward rate repricing as benchmark yield curve expanded by an average of 16 basis points (bps) to 5.72%.

    Investors Gain ₦333.8bn as Stock Market Cap Hits ₦9.6trn

    Marketforces AfricaDecember 21, 20200

    Equities investors gained ₦333.8 billion on Monday as stock market capitalisation hits ₦9.6 trillion

    Dangote Cement Announces Commencement of Share Buy-back Programme

    Marketforces AfricaDecember 21, 20200

    Today, Dangote cement began the process of its much-awaited Share-Back programme

    Emeka Okonkwo Becomes Union Bank CEO Designate as Emuwa Retires

    Marketforces AfricaDecember 21, 20200

    Union Bank Board of Directors has communicated the appointment of Emeka Okonkwo

    Fitch Puts Wema Bank on ‘Ratings Watch Negative’ over Weak Capital

    Marketforces AfricaDecember 21, 20200

    Fitch Ratings has again kept Wema Bank Plc on its rating watch negative (RWN), a first step towards potential downgrade,

    Investments Securities Tribunal Restrains Fintech Company Chaka from Stock Trading

    Marketforces AfricaDecember 20, 20200

    The Investments and Securities Tribunal, (IST) has made interim Orders restraining a Fintech company, Chaka Technologies Limited

    AfDB’s Board Approves $10.4bn Borrowing Program for 2021

    Marketforces AfricaDecember 20, 20200

    African Development Bank’s (AfDB) $10.4 billion borrowing program for financial year 2021

    Macroeconomic Uncertainty: Nigeria’s External Reserve Plunged 10%

    Marketforces AfricaDecember 20, 20200

    Uncertainty in the macroeconomic environment affected the Nigerian external reserve

    Unimpressive Yields Could Fuel Santa Claus Rally on Nigerian Bourse

    Marketforces AfricaDecember 20, 20200

    With Santa Claus around the corner, it is more likely to witness stocks to rally as unimpressive yield

    Federal Tax Authority Generates ₦4.178trn in 10 months, Says Chairman

    Marketforces AfricaDecember 19, 20200

    The Federal Inland Revenue Service (FIRS) says it has generated N4.178 trillion revenue in the last 10 months.

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