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    MarketForces Africa » » Page 34

    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.

    Oil Prices Surge on Middle East Hostilities, Uncertain Outlook

    News June 3, 2026

    Oil Prices Surge on Middle East Hostilities, Uncertain Outlook Crude oil prices rise for their third day in a row…

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    Naira Hovers Around N1,380 as Interbank FX Turnover Surges

    June 25, 2026

    XRP Dives to $1.03 as Strobe Finance Shutdown Erodes Confidence

    June 25, 2026

    Ethereum Price Slips 4% as Investors Liquidate Positions

    June 25, 2026

    Bitcoin Price Slides to $59k as US Inflation Stokes Selloffs

    June 25, 2026

    Only 20% of POS Operators Registered- CAC Chairman

    June 25, 2026

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